DXG increased by nearly 64% after 3 months, Dragon Capital took the opportunity to "take profit"
Vietstock – DXG shares of Dat Xanh Group Corporation (HOSE: DXG) had an impressive breakthrough when they increased by nearly 64% within 3 months. Taking advantage of the high price, Vietnam Enterprise Investments Limited (VEIL), one of the investment funds under Dragon Capital, sold shares and is no longer a major direct shareholder at DXG.
📉 VEIL reduces ownership ratio at DXG after trading 810,000 shares
Specifically, in the trading session on July 8, VEIL sold 810,000 DXG shares, causing the fund's ownership ratio at Dat Xanh to decrease from 5.03% to 4.95%. Thus, VEIL is no longer on the list of major direct shareholders of the enterprise.
At the same time, the total holding ratio of Dragon Capital group at DXG also decreased slightly from 15.64% to 15.56%, equivalent to about 159 million shares.
With the closing price on July 8 being VND 17,200/share, it is estimated that VEIL earned about VND 14 billion from this transaction.
💼 Only holding the position of major shareholder for 4 days
Notably, VEIL fund just increased its ownership to over 5% on July 3 when it bought 500,000 DXG shares, thereby becoming a major shareholder. However, after only 4 days, this fund quickly turned around and sold, a move that investors considered as short-term profit-taking.
Although it only increased by about 3.3% during the holding period, if we look at it longer term, since the sharp decline on April 9, DXG shares have increased sharply by nearly 64%, reflecting the positive recovery momentum of this real estate code.
📊 DXG: From "red zone" to recovery star
DXG shares were once in a negative state in the first quarter of 2025, but after a lot of supportive information from the real estate market and internal restructuring moves, this code has increased sharply, attracting the attention of both institutional and individual investors.
📈 The market is closely following new developments
Dragon Capital's beginning to realize profits may be a signal for a short-term adjustment period, but it also shows the confidence of institutional investors in the profitability of DXG code.
Individual investors should closely monitor the next moves from large fund groups, and reassess the fundamental potential of the business to make appropriate investment decisions in the second half of 2025.