The group of foreign investors under Dragon Capital became a major shareholder of VPBank after raising their ownership from 4.99% to more than 5.12% of the capital, equivalent to nearly 125.8 million shares, on May 11.
Among Dragon Capital’s funds, Vietnam Enterprise Investmets Limited (VEIL) owns the largest, with 1.74% of VPBank’s capital, equivalent to 42.6 million shares. This investment first appeared in the top 10 of VEIL’s portfolio since the first week of December report with 9th place, accounting for 3.26% of net assets (NAV), equivalent to nearly $55 million.
The investment in VPBank surpassed FPT, held the 8th position at the end of January and continued to surpass Khang Dien, Vinhomes, Vietcombank in the top 5 in the week of mid-March. As of the beginning of May, this investment surpassed ACB, Vingroup … to hold the 2nd place in the VEIL’s portfolio, accounting for 10.8% of NAV, or $244 million.
|VPB stock movements in the last 2 years. Source: TradingView.|
After VEIL, Amersham Industries Limited is holding nearly 1.2% of VPBank’s capital, equivalent to more than 29.3 million shares; CTBC Vietnam Equity Fund holds nearly 0.38%, equivalent to 9.3 million shares.
At the end of May 14, VPB shares were priced at VND 66,600/share, up 104% compared to the beginning of the year and up more than 20% since VPBank announced the sale of 49% of FE Credit’s capital.
On April 28, the bank announced that it had signed an agreement with Sumitomo Mitsui Financial Group (SMFG, SMBC Group) to sell 49% of FE Credit’s capital at a valuation of $2.8 billion. It is estimated that Sumitomo Mitsui will need to spend nearly $1.4 billion. FiinGroup believes that VPBank will net about 26,500 billion dong in 2021 from the above deal.
At the 2021 annual meeting, Mr. Ngo Chi Dung, Chairman of VPBank’s Board of Directors shared that the bank will be able to raise its charter capital to VND 75,000 billion by 2022, with an estimated equity of VND 90,000 billion. Mr. Dung also said that the bank is planning to offer a private placement to a strategic partner and may do so by the end of this year.
Source: ndh.vn – Translated by fintel.vn