Dragon Capital reduces ownership in DXG below 10%

The stock price has increased nearly 30% in 5 months, and the foreign shareholder group Dragon Capital has "locked in profits" by selling 1 million shares of Dat Xanh Group Joint Stock Company (HOSE: DXG).

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Recently, Dragon Capital, a foreign shareholder group, announced the successful sale of 1 million shares of DXG, with the change of ownership ratio on March 20, 2024.
Specifically, the group reduced its ownership ratio of DXG from 10.1267% (equivalent to over 72.98 million shares) to 9.9879% (over 71.98 million shares).

Source: DXG

At the end of March 20, DXG shares were temporarily trading at 18,750 VND/share, a decrease of 3% compared to the beginning of the year, with an average daily trading volume of over 11.6 million shares. However, compared to October 19, 2023, DXG shares have increased by 28%.
Price movement of DXG shares since October 18, 2023

In 2023, DXG recorded a net revenue of nearly 3.725 trillion VND and a net profit of nearly 172 billion VND, a decrease of 32% and 20% compared to the previous year. Compared to the plan, DXG exceeded the net profit target for the whole year by 9%.
Thanh Tú