Leadvisors Capital Management ups stake in Trang Tien ice cream owner
Leadvisors Capital Management bought 6.26 million OCH shares in One Capital Hospitality JSC, owner of the well-known Trang Tien ice cream brand in Vietnam, on June 23, raising its ownership from 3.33% to 6.46%.
The transaction makes Leadvisors Capital Management a major shareholder in One Capital Hospitality JSC, listed on the Hanoi Stock Exchange (HNX) as OCH.
Leadvisors Capital Management is connected to Le Dinh Quang, general director at One Capital Hospitality.

A Trang Tien ice cream store in Hoan Kiem district, Hanoi. Photo courtesy of the brand.
Leadvisors Capital Management is a fund management company under Leadvisors Capital Group, the parent company of IDS Equity Holdings.
One Capital Hospitality JSC has targeted a consolidated revenue of VND1.2 trillion ($50.88 million) in 2023, and consolidated after-tax profit of VND148 billion ($6.3 million), up 18% and 100% year-on-year, respectively.
Trang Tien ice cream made its debut in 1958 and takes its name from an iconic street in the center of Hanoi. Trang Tien street was also the first place where the ice cream was produced and sold.
The brand currently has outlets in most provinces and cities across the country.
One Capital Hospitality JSC is also well known as owner of the famous Givral cake brand that was launched more than 70 years ago in Ho Chi Minh City.
In addition, the company owns a chain of Sunrise hotels and resorts in the central region, namely Sunrise Nha Trang, Sunrise Premium Resort & Spa Hoi An, and Star City Nha Trang.
In the field of food production, One Capital Hospitality JSC said it will continue to improve quality and develop new competitive products, while ensuring food safety using natural and safe ingredients.
For the Trang Tien ice cream brand, the company will stabilize production to ensure supplies during the peak summer season, with more convenient payment options. However, pressure on the brand is increasing as new, strong players enter the F&B market.
The firm will also continue developing the Givral cake brand in the Hanoi market, ensuring outstanding quality in the same price segment as competitors like Fresh Garden and Hai Ha Kotobuki. At the same time, in the southern region, Givral will strive to maintain its top 3 position for fresh cakes and birthday cakes.
In its hotel and resort business, the occupancy rate of Sunrise Nha Trang hotel rooms is expected to reach 59.9% in 2023, while the figure for StarCity Nha Trang is expected to be 57.8%.
In 2022, One Capital Hospitality JSC's revenue reached more than VND1 trillion ($42.6 million), and after-tax profit hit more than VND72 billion ($3.06 million), while in the same period the previous year it lost VND468 billion ($19.9 million).
OCH shares of One Capital Hospitality JSC were relieved of trading restrictions by the Hanoi Stock Exchange (HNX) on December 15, 2022, after it submitted separate financial statements and audited consolidated financial statements for 2021, and did not violate regulations on information disclosure for six consecutive months.
On the HNX, OCH finished at VND8,500 ($0.36) on Thursday.
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