VinaCapital Investment Management JSC, along with its related foreign fund, Vietnam Ventures Limited, has just sent a report on KDH stock trading to the Ho Chi Minh City Stock Exchange, the State Securities Commission, and Khang Dien House Trading and Investment Joint Stock Company.
According to the report, Vietnam Ventures Limited registered to sell 11,981,600 KDH shares to restructure its investment portfolio. If the transaction is successful, Vietnam Ventures Limited’s ownership of KDH shares will decrease from 18.73 million (2.06%) to 6.75 million (0.74%). The transaction is expected to take place from August 22 to September 20, 2024, through matching and order matching on the floor.
KDH’s internal transactions in the last one and a half months
For the same purpose and during the same transaction period, VinaCapital also registered to sell 130,801 KDH shares, reducing its ownership from 152,097 shares (0.017%) to 21,296 shares (0.002%).
On the stock market, KDH shares have surged in the first three months of 2024, rising from below VND 30,000/share to above VND 38,000/share (adjusted price). Currently, KDH is trading steadily in the range of VND 34,000 – 37,500/share. As of 9:30 am on August 20, KDH stood at VND 37,100/share.
The selling move by the VinaCapital group comes after the Khang Dien Board of Directors approved a plan to issue nearly 102 million shares as dividends and ESOP in Q3-Q4/2024.
Earlier, in July 2024, Khang Dien successfully issued 110.1 million private placement shares, raising VND 30,000 billion. In this issuance, Vietnam Investment Limited, also managed by VinaCapital, purchased 11 million shares.
If the transaction is successful, VinaCapital’s ownership of KDH shares will decrease to 6.75 million
Khang Dien (KDH) guarantees a loan of 4,270 billion VND for its subsidiary company.
Khang Dien’s Board of Directors (KDH) has recently approved the full and timely guarantee of the entire debt obligation amounting to 4,270 billion VND of its subsidiary, Khang Phuc, at Vietinbank.
Upcoming Simulation of KRX Stock Trading System Transformation
Ho Chi Minh City Stock Exchange (HoSE) has recently informed securities companies about the first phase of the KRX information technology project conversion drill, which will take place in the first half of March.
