Dragon Capital bought 1.2 million HPG shares

Dragon Capital bought 1.2 million HPG shares

Dragon Capital group owns nearly 200 million HPG shares, equivalent to 9,900 billion dong. HPG shares closed on April 9 at the price of 49,550 dong / share, up 10% from the end of March.

Hanoi Investments Holdings Limited announced it has purchased 1.2 million shares of Hoa Phat Group (HoSE: HPG), the ownership volume has increased from 15.95 million to 17.2 million.

This activity caused the HPG share volume owned by the Dragon Capital group increased from 198.7 million to 199.92 million shares, equivalent to an increase of 5.99% to 6.03%.

The transaction date that changes the group’s ownership rate to over 1% is April 6.

HPG shares closed on April 9 at the price of 49,550 dong / share, up 10% since the end of March but almost flat in recent sessions. Temporarily calculated according to this price range, Dragon Capital group owns a volume of HPG shares worth 9,900 billion VND.

In 2020, the enterprise will record 90,118 billion dong in revenue, up 41.5%; EAT is 13,545 billion dong, up by 80% thanks to the flourishing steel and agriculture business.

In 2021, Hoa Phat Board of Directors plans to submit to shareholders the plan of revenue of 120,000 billion dong, profit after tax of 18,000 billion dong; and increased 33% compared to the previous year.

In the first quarter, Hoa Phat achieved sales volume of more than 2.16 million tons of various types of steel. Finished construction steel reached 855,000 tons, an increase of more than 17%; in which, finished steel for export is 147,000 tons, up 10%. Exported steel billet was over 386,000 tons, up 27% over the same period. HRC products in the first quarter of the year reached 665,000 tons, an increase of 75% compared to the fourth quarter of 2020. Hoa Phat Steel Pipe recorded 184,000 tons after the first 3 months of the year, up 27%. Meanwhile, sales volume of galvanized steel sheet also increased strongly year-on-year.

Source: ndh.vn – Translated by fintel.vn

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