VnExpress News The News Gateway of Vietnam
Asset management company Dragon Capital has sold 2.8 million shares of Military Commercial JSB (MBBank).
Based on Monday’s closing price of VND24,600 (US$1.06), the transaction is estimated to be worth around VND70 billion.
But funds under Dragon Capital still own 186.8 million shares or a 4.94 percent stake in MBBank.
Japan Asia MB Capital, another investment fund, has also registered to sell 393,000 shares of MBBank this month.
Vietnam-focused Dragon Capital manages around $2.9 billion in assets.
MB’s share price has dropped 30 percent within a month, tracking the fall of the general market.
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