Hanoi Investments Holdings Limited, run by Dragon Capital, announced it has purchased an additional 1.2 million shares of steel giant Hoà Phát Group (HPG), raising its ownership in HPG from 15.95 million to 17.2 million shares.
This move caused the HPG share volume owned by Dragon Capital's investment funds to increase from 198.7 million to 199.92 million shares.
HPG shares are being traded at VNĐ49,550 per share on the stock market, up 10 per cent since the end of March but almost flat in recent sessions. Temporarily calculated according to this price, Dragon Capital group owns a volume of HPG shares worth VNĐ9.9 trillion (US$430 million).
In 2020, the enterprise recorded VNĐ90.1 trillion in revenue, up 41.5 per cent. Post-tax profit was VNĐ13.5 trillion, up by 80 per cent thanks to its flourishing steel and agriculture business.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
