Four funds under Dragon Capital spent a total of VND 600 billion to buy individual shares of MB Securities, helping this group’s number of shares to be second only to MB.
MB Securities Joint Stock Company (HNX: MBS) announced the completion of the offering of more than 25.7 million shares (equivalent to more than 4.7% of capital) on November 27.
| Fund | Amount of shares | Proportion |
| Vietnam Enterprise Investments Limited | 17.6 million | 3,2% |
| DC Developing Markets Strategies Public Limited Company | 2.2 million | 0,408% |
| Hanoi Investments Holdings Limited | 4.4 million | 0,81% |
| Samsung Vietnam Securities Master Investment Trust | 1.46 million | 0,268% |
After the transaction, the total ownership ratio of the above group of investors reached 4,704%.
The price that Dragon Capital had to pay was 23,040 VND per share (nearly 18.3% lower than MBS’s December 3 closing price), equivalent to a total value of nearly 593 billion VND.
The above private stock offering deal is based on MBS’s cooperation agreement with Dragon Capital (end of November 2024). In addition to buying individual stocks, the two sides will also cooperate comprehensively in core areas such as asset management, investment consulting and development of financial products and services.
With 592.8 billion VND earned from this private placement, MBS will use nearly 493 billion VND for margin business activities, the remaining 100 billion VND for self-trading investment. All of this capital is expected to be disbursed in 2024-2025.
Previously, in September, MBS completed offering more than 109 million shares to existing shareholders and earned more than 1,094 billion VND. The company said it used more than 594 billion VND to supplement and provide capital for margin business activities, 400 billion VND for proprietary trading activities, 50 billion VND for underwriting activities and 50 billion VND for development investment. information technology system.