A worker of Hoa Sen Group (HSG). Photo Hoa Sen Group (HSG)

Dragon Capital has recently purchased an additional three million shares of HSG, raising its ownership stake in Hoa Sen Group (HSG) to over 11.3 per cent.

This information was reported by the HCM City Stock Exchange (HoSE).

Amersham Industries Limited, a fund member of Dragon Capital, has purchased three million units, thereby increasing the foreign fund's ownership to over 69.75 million HSG shares, equivalent to 11.32 per cent of Hoa Sen Group's capital.

The transaction was executed on January 26th. At the end of the session on January 26th, HSG closed at VNĐ23,550 per share. Based on this price, Dragon Capital's foreign fund has spent approximately VNĐ70.65 billion (US$2.9 million) to acquire three million HSG shares.

Conversely, Vũ Văn Thanh, Deputy General Director of Hoa Sen Group, has registered to sell 800,000 HSG shares to arrange personal finances.

The transaction is expected to take place from January 29 to February 27 through matched orders or agreements.

If the sale is successful as registered, Thanh's ownership will decrease from 806,202 shares, or 0.13 per cent stake, to 6,202 shares, or 0.001 per cent stake. — VNS