VIETNAM CHAMBER OF COMMERCE AND INDUSTRY
Liên Đoàn Thương Mại Và Công Nghiệp Việt Nam
Sat, May 15, 2021, 12:08:00
Investment fund Dragon Capital has bought 3.15 million VPBank shares to increase its holding in the lender by 0.13 percentage points.
The Vietnam-focused fund now owns 5.12 percent through several funds led by Vietnam Enterprise Investments Limited, which owns a 1.74-percent stake.
VPB has been one of the best performing banking stocks this year, repeatedly rising to new highs. On Friday, it closed at VND66,600 ($2.90), up 205 percent since the beginning of the year.
The bank earlier this month sold a 49 percent stake in its subsidiary, consumer credit firm FE Credit, to Japan’s Sumitomo Mitsui Financial Group for $1.37 billion.
