Recently, Red Capital Fund Management JSC (Red Capital) has submitted a report regarding the date it ceased to be a major shareholder, holding 5% or more of the shares in Vinh Son – Song Hinh Hydropower JSC (Stock Code: VSH, HoSE).
Accordingly, Red Capital successfully sold 10.26 million VSH shares during the trading session on November 19, 2025.
Following the transaction, Red Capital reduced its VSH share ownership from 12.94 million shares to 2.64 million shares, equivalent to a decrease in ownership from 5.48% to 1.12%, and thus no longer holds a major shareholder position in Vinh Son – Song Hinh Hydropower.
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Based on the closing price of VSH shares on November 19, 2025, at VND 44,500 per share, it is estimated that Red Capital earned nearly VND 456.6 billion from the aforementioned share sale.
The report also indicates that related parties of Red Capital currently hold over 6.4 million VSH shares, equivalent to a 2.72% stake in Vinh Son – Song Hinh Hydropower.
Thus, after the aforementioned share sale, Red Capital and its related parties collectively hold nearly 9.1 million VSH shares, equivalent to a 3.84% stake.
In another development, on November 19, 2025, Vinh Son – Song Hinh Hydropower finalized its shareholder list for the second interim dividend payment of 2025 in cash, at a rate of 10%, meaning shareholders holding 1 share will receive VND 1,000. The payment is scheduled for December 31, 2025.
With over 236.2 million VSH shares outstanding, it is estimated that Vinh Son – Song Hinh Hydropower will allocate more than VND 236.2 billion for this dividend payment. The funds will be sourced from undistributed after-tax profits as of September 30, 2025.
As of September 30, 2025, REE Energy Company Limited, a subsidiary of REE Corporation (Stock Code: REE, HoSE), holds over 124.2 million VSH shares and is expected to receive VND 124.2 billion in dividends from Vinh Son – Song Hinh Hydropower.
Additionally, Power Generation Corporation 3 JSC (Stock Code: PGV, HoSE), a subsidiary of Vietnam Electricity (EVN), holds nearly 72.2 million VSH shares and is expected to receive approximately VND 72.2 billion in dividends.
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