Dragon Capital reduces ownership in DXG to below 10%

With stocks surging nearly 30% in 5 months, Dragon Capital, a foreign shareholder group, has decided to cash in by selling 1 million shares of Dat Xanh Group Joint Stock Company (HOSE: DXG).

0
152

Recently, foreign shareholder group Dragon Capital announced that they have successfully sold 1 million shares of DXG, with the change in ownership ratio on March 20, 2024.

Specifically, the group has reduced their 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 stock is currently trading at 18,750 VND per share, a 3% decrease compared to the beginning of the year, with an average trading volume of over 11.6 million shares per session. However, compared to October 19, 2023, DXG stock has increased by 28%.

DXG stock price movement from 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% respectively compared to the previous year. However, DXG exceeded the net profit target for the whole year by 9%.

Thanh Tú