A Chinese investment fund holds more than 91 million VPBank shares

VPBank and a series of banks recently had to announce the ownership ratio of shareholders from 1% or more - Photo: VPB

Vietnam Prosperity Joint Stock Commercial Bank - VPBank (VPB) has just updated the list of shareholders owning 1% or more of charter capital. This announcement is based on information provided to the bank by the shareholders themselves.

Accordingly, the newly updated list has two institutional shareholders, including Composite Capital Master Fund LP and Tianhong Vietnamese Market Equity Launched QDII Fund.

The two funds respectively hold more than 135 million shares (equivalent to 1.7% of charter capital) and more than 91 million shares (1.147%) at VPBank.

According to Bloomberg , Tianhong Vietnamese Market Equity Launched QDII Fund is an open-end fund established in China.

This fund specializes in investing in the Vietnamese stock market, specifically tracking the VN30 index. This investment fund allocates at least 80% of its total assets to stocks…

Previously, in the announcement of shareholders owning more than 1% publicly on July 19, the list of institutional shareholders of VPBank included 4 units, including: Sumitomo Mitsui Banking Corporation (SMBC) (VPBank's strategic shareholder holding 15% of charter capital); DIERA Corp Joint Stock Company holding 4.39% of capital and two investment funds, Composite Capital Master Fund and Vietnam Enterprise Investments holding 2.73% and 1.28% of capital, respectively.

Thus, in the latest update, in addition to adding a new fund, another fund, Composite Capital Master Fund LP, has reduced its ownership ratio at VPBank from 2.7% to 1.7%.

Recently, VPBank and a series of banks have had to announce the ownership ratio of shareholders of 1% or more to comply with the provisions of the Law on Credit Institutions amended in 2024, effective from July 1.

Under the new regulations, credit institutions are responsible for disclosing information about shareholders holding more than 1% of charter capital.

VPBank shares increased more than 5% after 1 quarter

Regarding VPBank's business situation, the consolidated financial report for the second quarter of 2024 shows that this bank recorded net interest income of more than VND 23,731 billion in the first 6 months of this year, an increase of nearly 30% over the same period.

As a result, profit after tax reached 6,774 billion VND, up 65% over the same period.

At the end of June 2024, the total assets of this bank reached nearly VND 864,392 billion, an increase of nearly VND 47,000 billion compared to the beginning of the year. Of which, outstanding loans to customers reached VND 624,277 billion, an increase of 10.2%.

At the end of the session on August 26, the price of each VPB share was around 19,000 VND, an increase of more than 3.2% after 1 month and more than 5.5% after 1 quarter.

Source: https://tuoitre.vn/mot-quy-dau-tu-trung-quoc-nam-hon-91-trieu-co-phieu-vpbank-20240826154453358.htm