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Saturday, October 8, 2022

DXS to divest from two subsidiaries

The Saigon Times

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HCMC – Dat Xanh Real Estate Services JSC, which trades its DXS shares on the Hochiminh Stock Exchange, has decided to divest from two of its subsidiaries — Real Estate Plus Corporation and Nam Bo Invest Services JSC.

DXS will transfer its 55% stake, or 275,000 shares, in Real Estate Plus Corporation, and its 63% stake, equivalent to 378,000 shares, in Nam Bo Invest, the local media reported.

As of the end of second quarter of 2022, DXS had a total of 14 subsidiaries and 47 affiliates.

In the first half of the year, the real estate developer posted some VND2.2 trillion in net revenue and over VND474 billion in after-tax profit, down 30% year-on-year.

DXS lost 0.23% at the close today, September 12.

With 238 gainers and 215 decliners, the VN-Index of the HCMC bourse inched up 0.84 point, or 0.07%, from the session earlier, at 1,249.62. Over 410 million shares worth VND10.7 trillion changed hands, down 30% in volume and 22% in value against the previous session.

In the VN30 basket, 11 stocks closed in positive territory, while 17 others lost.

On the Hanoi Stock Exchange, the HNX-Index slid 1.55 points, or 0.54%, from the previous session, at 283.08, dragged by many bluechips.

Lender NVB dipped by 4%, while construction firm HUT and property group CEO ended at their intraday low.

Oil and gas firm PVS stood at the reference price, but took the lead by liquidity on bourse with a matching volume of over 10.4 million shares.

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