Dragon Capital sells 2.8 million MB shares

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.