Vingroup transfers 15.2 mln Vinhomes shares, cuts stake to 71.07%
Vietnam's largest listed conglomerate Vingroup (HoSE: VIC) has completed the transfer of more than 15.2 million shares in property developer Vinhomes (HoSE: VHM), reducing its ownership stake from 72.07% to 71.07%, according to a stock exchange filing by Vinhomes.
The transfer was completed on June 25, leaving Vingroup with approximately 2.94 billion Vinhomes shares, down from 2.96 billion previously.
The transaction was carried out through an off-market securities ownership transfer at the Vietnam Securities Depository and Clearing Corporation (VSDC), rather than via on-exchange matching or negotiated block trades on the Ho Chi Minh City Stock Exchange (HoSE).
Under the first transaction, VSDC transferred nearly 5.6 million VHM shares to BNP Paribas Financial Markets on June 22. In the second, more than 9.6 million shares were transferred to HSBC Hong Kong on June 25.
An illustration of Vinhomes The Gallery, one of Vinhomes's projects.
Earlier this month, Vinhomes completed the procedures for its 2026 dividend plan, under which the company will issue more than 4.1 billion new shares as a 100% stock dividend, doubling its charter capital to more than VND80 trillion ($3.04 billion).
The company will also pay a cash dividend of 60%, equivalent to VND6,000 ($0.23) per share, on July 22. The ex-dividend date is June 29, while shareholders on record as of June 30 will be eligible for the payment.
Vinhomes shares closed up 3.5% at VND162,000 ($6.16) last Friday, giving the company a market capitalization of over VND665.4 trillion ($25.3 billion).
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