Red One’s complete divestment came as FCN shares adjusted after hitting strong resistance above 14,000 VND per share. Based on the closing price of 13,950 VND per share on June 16, the fund is estimated to have pocketed over 223 billion VND.
| FCN stock adjusts after rebounding to strong resistance zone |
Red One acquired these shares by participating in FCN’s private placement of 32 million shares in November 2021, which was also when the fund was established. The remaining 16 million shares were purchased by foreign investor Raito Kogyo Co., Ltd. The offering price at that time was 13,000 VND per share.
Apart from direct investment, there is a close connection between Red One and FCN. Mr. Nguyen Tran Dang Phuoc, a member of FCN’s Board of Directors, is also a member of the Board of Directors of Red Capital.
Red One is not the only fund to have recently sold FCN shares. HD Capital Fund Management Joint Stock Company has also been consistently offloading FCN shares since February 2025, reducing its holdings from 22.5 million shares (14.29%) to over 12.4 million shares (7.88%).
Source: VietstockFinance
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According to Red Capital’s website, Red One was established in November 2021 with a charter capital of 320 billion VND, focusing on investing in companies with sustainable competitive advantages in the infrastructure sector.
In addition to Red One, Red Capital also manages several other funds, including the Red Two Growth Equity Fund with a charter capital of 130 billion VND, the Red Three Growth Equity Fund with a charter capital of 300 billion VND, and the Red Four Real Estate Sector Fund with an expected charter capital of over 1,000 billion VND.
As for Red Capital, the company had total assets of over 129 billion VND as of the end of the first quarter of 2025, a slight increase from the beginning of the year. Long-term financial investments accounted for a large proportion of its asset structure, amounting to 85 billion VND. This includes a 50 billion VND investment in Red One for a 15.63% stake and a 35 billion VND investment in Red Three for a 13.33% stake.
The company also had short-term financial investments of over 31 billion VND, 1.8 times higher than at the beginning of the year. These investments included stocks such as POW, FPT, HPG, VIB, and GEX. Compared to the beginning of the year, Red Capital added FPT, HPG, VIB, and GEX to its portfolio while fully divesting from MWG and significantly reducing its holdings in POW.
Additionally, the company accepted 810 billion VND in trust from domestic investors, which is 6.3 times its total assets. It is understood that the company took over the management of 18 million shares, equivalent to 14.4% of the capital of the Vietnam National Seafood Corporation – Joint Stock Company (Seaprodex, UPCoM: SEA) in the third quarter of 2024. The client is VIX Securities Joint Stock Company (HOSE: VIX).
In terms of financial performance, Red Capital recorded more than 4.2 billion VND in net revenue in the first quarter of 2025, more than doubling the figure from the previous year. This was contributed by its securities investment fund management and investment portfolio management activities. The company’s net profit reached nearly 2 billion VND, 3.3 times higher than the same period last year.
– 22:32 16/06/2025
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