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Tuesday, June 18, 2024

Investor buys 6.59% stake in Angimex

The Saigon Times

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HCMC – La Quoc Dat has become a major shareholder of An Giang Import-Export Company (Angimex/AGM) after he bought 1.2 million AGM shares on February 14, equivalent to a 6.59% stake in the firm.

Closing the session on February 14, AGM shares were traded at VND39,000 per share. This means Dat had spent VND46.8 billion to own a 6.59% stake in Angimex. Prior to the transaction, Dat did not own any AGM share, reported Dau tu Chung khoan newspaper.

As for the firm’s business performance, AGM last year posted over VND3.9 trillion in revenue and over VND44 billion in after-tax profit, up 100.2% and 78.3%, respectively.

In 2022, the firm looks to earn more than VND8 trillion in revenue and VND70 billion in before-tax profit.

AGM, which is listed on the Hochiminh Stock Exchange (HoSE), closed the session today, February 18, unchanged at VND37,200.

In related news, the benchmark VN-Index on HoSE shed 3.15 points, or 0.21% over the session earlier at 1,504.84, with 243 winners and 190 losers. Turnover of the HCMC market improved over 13% both in volume and value against the previous session at nearly 615.8 million shares and over VND19.4 trillion. Shares traded in block deals contributed over VND921 billion to the overall value.

The HNX-Index of the Hanoi market extended rally to close at its intraday high thanks to active cash flow. With 139 advancers and 92 decliners, the index added 5.37 points, or 1.25% compared to the previous session at 435.61.

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