Dragon Capital Invests in Viet Capital Securities, Partially Exits Military Bank (Asia)

Source(s): DEALSTREETASIA | Author(s): Quynh Nguyen

Vietnam-focused asset manager Dragon Capital has acquired one million shares in Vietnam-listed Viet Capital Securities for VND85.2 billion (approximately US$4 million), increasing its stake to 9.06 percent. Separately, Dragon Capital reportedly sold 350,000 shares of Vietnam-listed Military Bank for VND10.7 billion (approximately US$470,000), reducing its stake from 6.01 percent to 5.99 percent. The sale was completed by Dragon Capital’s Vietnam Enterprise Investments (VEIL) and an account managed on behalf of Norges Bank.