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VinaCapital fund divests from Khang Dien House (KDH)
Vietnam Ventures Limited, a fund managed by VinaCapital Saturday announced it has sold 7.7 million shares of Khang Dien House Trading and Investment JSC (KDH) to reduce its ownership from 5.05 per cent to 3.67 per cent of capital.
The transaction was made on May 20 and means they are no longer a major shareholder in the enterprise.
In the first quarter of 2021, Khang Dien House reported a revenue of VND836.5 billion (US$36.3 million), post-tax profit of VND206.7 billion, up 19.3 per cent and 33.5 per cent, respectively, over the same period last year.
In 2021, Khang Dien House sets a revenue target of VND4.8 trillion, post-tax profit of VND1.2 trillion, up 5.9 per cent and 4.2 per cent, respectively compared to 2020. With this plan, after the first quarter, Khang Dien House completed 17.2 per cent of the year's profit plan.
On the stock market, KDH is being traded at VND37,050 per share, up more than 29 per cent compared to the beginning of this year.
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