Friday , March 29 2024

Dragon Capital sells 2.8 million MB shares


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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