Notable foreign investment fund Dragon Capital offloaded 740,000 shares of Duc Giang Chemical Group JSC (HOSE: DGC) on November 26, 2024, reducing their collective ownership in the company below the 8% threshold.
Based on the closing price of VND 106,700 per share on November 26, the transaction value is estimated at VND 79 billion.
| Price movement of DGC shares from the beginning of 2024 to November 29 |
During November, Dragon Capital actively traded DGC shares as the market price fluctuated due to the company’s approval of a 30% cash dividend for 2024. As of November 29, DGC’s share price reached VND 109,500 per share, reflecting a 20% increase compared to the beginning of the year.
| Price movement of BTP shares from the beginning of 2024 to November 29 |
Similarly, the Samarang UCITS fund lowered its ownership in Ba Ria Thermal Power JSC (BTP) below 8% after selling 63,200 BTP shares on November 25.
| Price movement of HAH shares from the beginning of 2024 to November 29 |
On the buying side, the Leadvisors fund added 547,500 shares of HAH (Hai An Transport and Stevedoring Joint Stock Company) on November 26, increasing their ownership to 9.23%, equivalent to over 11.2 million shares.
 Source: VietstockFinance
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The Dragon Capital Group Slashes Ownership in DGC to Below 8%
Dragon Capital has reported the sale of 740,000 DGC shares during the November 26th trading session. This move brings their ownership stake in Duc Giang Chemical Group JSC (HOSE: DGC) below the 8% threshold.
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