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Dragon Capital becomes major shareholder of Nam Long Group

The Saigon Times

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HCMC – Fund management firm Dragon Capital has raised its stake in Nam Long Group, whose NLG shares are traded on the Hochiminh Stock Exchange, to 5.18% and become one of the real estate developer’s major shareholders.

Amersham Industries Limited, a member of Dragon Capital, purchased 1.8 million NLG shares on May 16 while Samsung Vietnam Securities Master Investment Trust, another member of the fund management firm, acquired 0.17 million NLG shares.

The deals raised Dragon Capital’s ownership in Nam Long Group from 4.67% to 5.18%.

In related news, Nguyen Xuan Quang, chairman of Nam Long Group, registered to sell two million NLG shares, reducing his ownership from 11.03% to 10.51% of Nam Long’s charter capital. The transaction is expected to be conducted from May 22 to June 20.

Regarding business activities, Nam Long recorded revenue of VND204.6 billion in the first quarter of 2024, down by 13% year-on-year. The real estate developer incurred a loss of VND65 billion.

Closing the trading session today, NLG rose by 1.77% day-on-day to VND45,900 per share, with more than 3.2 million shares transacted.

With 278 winners and 152 losers, the VN-Index of the Hochiminh Stock Exchange shot up by 14.12 points, or 1.11%, against yesterday’s session, at 1,281.03 points.

More than 968.1 million shares worth VND23.3 trillion were traded on the southern bourse, falling by 14% in volume and 19% in value compared to the previous session. Block deal transactions contributed VND2.4 trillion to the overall value, with 134.4 million shares changing hands.

Blue-chip stocks were main drivers of the market, with PLX soaring by 6.9% to VND40,300 and BVH rising by 7% to VND44,600.

VND remained the most actively traded stock, with over 37.8 million shares traded. It closed at VND20,600 with a 3.3% decrease.

On the northern bourse, the HNX-Index improved 1.76 points, or 0.72%, day-on-day, closing at 246.91 points, with 91 advancers and 71 decliners. The total trading volume reached 101.9 million shares valued at VND2.1 trillion.

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