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Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

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Ho Chi Minh City
Sunday, June 1, 2025

Dragon Capital raises stake in Khang Dien

The Saigon Times

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HCMC – Fund management firm Dragon Capital has acquired over 20 million shares of Khang Dien House Trading and Investment JSC (HOSE, ticker: KDH), raising its ownership in the domestic real estate developer to 9.16%.

Amersham Industries Limited, a member of Dragon Capital, bought 5.1 million KDH shares, while Vietnam Enterprise Investments Limited purchased five million KDH shares on the southern bourse.

Two other members of Dragon Capital, namely Hanoi Investments Holdings Limited and Norges Bank, got 4.41 million shares and 3.1 million KDH shares, respectively.

Through those transactions, Dragon Capital successfully increased its ownership in Khang Dien to around 9.16% of the charter capital.

The transactions took place during the July 26 session, with KDH shares closing at VND36,000 per share. At this market price, Dragon Capital spent over VND720 billion acquiring the mentioned amount of KDH shares.

Closing the trading session today, August 8, KDH fell by 1.26% day-on-day to VND35,250 per share, with more than 1.3 million shares changing hands.

On the southern bourse, the VN-Index of the Hochiminh Stock Exchange lost 7.56 points, or 0.62%, against the previous day, at 1,208.32 points, with losers outnumbering winners by 257 to 161.

More than 758.8 million shares worth VND16.7 trillion were transacted on bourse, up by 22% in volume and 18% in value compared to yesterday’s session. Block deal transactions contributed VND3.2 trillion to the overall value.

Among the blue-chip stocks, MSN and GAS were two key drivers of the market as they rose by 2.9% to VND81,700 and 2.1% to VND74,500, respectively.

On the other hand, TCB unexpectedly tumbled, trading at VND20,850, down by 4.4%, with over 41 million shares traded.

On the northern exchange, the HNX-Index dropped by 1.22 points, or 0.54%, versus the day earlier, at 226.73 points. The total trading volume exceeded 51.3 million shares valued at VND981.7 billion.

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