A worker artificially inseminates a hen at Dabaco's chicken factory. Dabaco is a multi field group which specialises mainly in animal feed, cattle and poultry breeding, and food processing. — Photo dabaco.com.vn

VinaCapital Group Limited has announced that it is no longer a major shareholder of Dabaco Group JSC (DBC).

Its two member funds, Fraser Investment Holdings Pte. Ltd and VinaCapital Fund Management JSC, have sold a total of 395,000 DBC shares.

After the transaction, Fraser Investment Holdings holds more than five million shares, equivalent to 4.78 per cent of Dabaco’s charter capital. VinaCapital Fund Management JSC no longer holds a stake in Dabaco.

Other VinaCapital Group Limited’s two member funds, VOF Investment Limited and Vietnam Investment Limited, are currently holding 77,057 shares and 30,000 shares, respectively.

The total number of shares in Dabaco that VinaCapital Group hold is more than 5.1 million shares, equivalent to 4.88 per cent of charter capital.

VinaCapital group has continuously lowered the ownership rate in Dabaco since DBC shares increased dramatically thanks to the benefits from rising pig prices.

Dabaco now has only one major shareholder, namely Nguyen Nhu So, Chairman of Dabaco’s Board of Directors with a ownership rate of 15.89 per cent.

DBC shares closed Wednesday at VND51,400 per share (US$2.2).

The company recorded its highest ever first quarterly profit in Q1 this year, reaching VND340 billion ($14.5 million). Revenue in Q1 was VND3.2 trillion.

This year, Dabaco aims to collect VND13.2 trillion in revenue and VND512 billion in after-tax profit.

Dabaco is multi field group which specialises mainly in animal feed, cattle and poultry breeding, and food processing.

The group also invests in building industrial zones, urban zone facilities and infrastructure and real estate. It is among the ten biggest enterprises specialising in animal feed nationwide. — VNS