Vietnam-based real estate group,
On April 29, 2025, the foreign fund Dragon Capital, represented by Ms. Truong Ngoc Phuong, successfully acquired 2.8 million DXG shares through four of its member funds.
Specifically, Hanoi Investments Holdings Limited purchased 800,000 DXG shares, Norges Bank acquired 890,000, Vietnam Enterprise Investments Limited bought 462,000, and Wareham Group Limited secured 648,000 shares.
Following this transaction, Dragon Capital’s holdings in DXG increased from nearly 110.8 million to approximately 113.6 million shares, raising their ownership stake from 12.7183% to 13.0399% in the
Based on the closing price of DXG shares on April 29, 2025, at VND 15,150 per share, Dragon Capital is estimated to have invested over VND 42.4 billion in this purchase.
Previously, on April 11, Dragon Capital had also increased its stake in DXG by purchasing an additional 1.8 million shares, raising its ownership from 11.92% to 12.13%.
In another development, Mr. Ha Duc Hieu, a member of the Board of Directors, registered to purchase 5 million DXG shares. If successful, Mr. Hieu’s holdings will increase from 0.09% to 5.875 million shares, representing 0.66% of the company. The transaction is expected to take place between May 7 and June 4, 2025, through matching or negotiated deals.
Based on the closing price of VND 16,000 per share on May 7, Mr. Hieu is estimated to have invested VND 80 billion in this transaction.
Regarding financial performance, DXG reported a quarterly loss of VND 45.28 billion in the first quarter of 2025, compared to a profit of over VND 120 billion in the same period last year. However, the consolidated financial statements showed a 1.17% increase in profit after tax, amounting to VND 78.54 billion.
The company attributed the loss in the parent company’s financial statements to the absence of financial income from dividend receipts from subsidiaries and transfer transactions compared to the previous year.
On the other hand, the consolidated profit after tax for the first quarter of 2025 reached VND 78.5 billion, with VND 48.4 billion attributable to the parent company’s shareholders, representing a 54% increase year-over-year. This growth was primarily driven by increased revenue from the project development segment and a robust recovery in the Group’s real estate services segment.
As of March 31, 2025,
The company also witnessed a fourfold increase in cash and cash equivalents compared to the previous year, rising from VND 1,249 billion to nearly VND 5,106.7 billion.
Total liabilities increased by 18.6% from the beginning of the year to VND 16,577.7 billion, including short-term and long-term financial borrowings of over VND 7,545 billion. Profit after tax also increased from VND 1,487 billion to over VND 1,535.6 billion.
It is worth noting that DXG will hold its 2025 Annual General Meeting of Shareholders on May 9, 2025, at 2W Ung Van Khiem, Ward 25, Binh Thanh District, Ho Chi Minh City.
For the year 2025, DXG has set ambitious targets, aiming for a 62% surge in consolidated revenue to VND 7,000 billion and a 44% jump in profit after tax attributable to the parent company’s shareholders to VND 368 billion.
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