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Dragon Capital sells 2.8 million MB shares

By Quynh Trang   May 16, 2022 | 09:24 pm PT
Dragon Capital sells 2.8 million MB shares
An employee of MBBank assists a customer. Photo courtesy of MBBank
Asset management company Dragon Capital has sold 2.8 million shares of Military Commercial JSB (MBBank).

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.

 
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