Dragon Capital sold 4.3 million KBC shares

Dragon Capital sold 4.3 million KBC shares

Amersham Industries Limited sold 4.3 million shares of KBC on March 24, March 24 saw a put-through transaction of 4.3 million KBC shares with a total value of nearly 180 billion dong. Beijing aims to gain a profit of 6.7 times to 2 trillion dong.

Amersham Industries Limited sold 4.3 million shares of Kinh Bac Urban Development Corporation (HoSE: KBC) on March 24. The transaction caused the total ownership of Dragon Capital group to decrease to 42.8 million shares, ratio 9.12%.

In this session, KBC shares appeared with the put-through transaction of 4.3 million units with a total value of nearly 180 billion dong, equivalent to 41,800 dong / share. Most likely this is the transaction of foreign fund Amersham.

This fund group became a major shareholder of KBC since January 19 with nearly 24 million shares and then continuously gathered this industrial park’s shares to over 47 million units before the above transaction.

KBC shares also started a chain of price increases from the end of 2020 at the region of 16,000 VND / share, up to 45,500 VND / share on January 22 (10-year high). After that, the stock will be adjusted to 38,200 dong / share as present, temporarily calculating the amount of shares that Dragon Capital is holding with the market price of 1,636 billion dong.

Last year, Kinh Bac recorded a 33% decrease in revenue to 2,154 billion VND and profit after tax less than 1/3 of the same period with nearly 300 billion VND. However, in 2021, the Board of Directors of the company set a target of consolidated revenue in 2021 at 6,600 billion, profit after tax of 2,000 billion; 3 and 6.7 times respectively by 2020.

Kinh Bac is in the “thirst” for investment capital in industrial parks when it is pouring VND 4,518 billion in 2020, 6.2 times higher than the previous year. The enterprise also plans to arrange a capital source of about VND 3,000-5,000 billion in 2021 through credit loans and bond issuance.

Source: ndh.vn – Translated by fintel.vn

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