PVI Opportunity Fund becomes OPC’s large shareholder

June 23, 2021 | 18:01

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PVI Opportunity Fund has become a major shareholder of OPC Pharmaceutical JSC (HSX: OPC) after purchasing 6.6 million shares.

PVI Opportunity Fund becomes OPC’s large shareholder

PVI Opportunity Fund is now a major shareholder of OPC Pharmaceutical JSC

PVI Opportunity Fund has just announced buying 6.6 million OPC shares of OPC Pharmaceutical JSC (OPC), becoming a major shareholder of this company.

The shares bought account for 24.83 per cent of the total outstanding voting shares of OPC. Prior to the transaction, PVI Opportunity Fund did not own any OPC shares.

The purchase took place after OPC leaders put millions of shares on sale. Previously, Nguyen Chi Linh, vice chairman of the Board of Directors of OPC, registered to sell all of his 4.6 million shares (17.31 per cent).

Meanwhile, Nguyen Thi My Hanh, a member of the Board of Directors of OPC, registered to sell 958,185 shares to reduce her ownership from 3.66 to 0.05 per cent. The transaction is expected to take place from June 21 to July 20.

Also, Phan Cong Cuong, a member of the Supervisory Board, registered to sell all 53,300 shares to reduce his ownership from 0.2 to 0 per cent of charter capital at OPC.

In the first quarter of 2021, OPC's revenue increased by 4.8 per cent on-year, reaching VND279.5 billion($12.15 million), achieving 32.3 per cent of its annual plan. Meanwhile, pre-tax profit reached VND46.7 billion ($2 million), up 2.8 per cent, achieving 32.7 per cent of the plan. After-tax profit in the quarter reached VND36.8 billion ($1.6 million).

In 2021, the company has set targets of VND866 billion ($37.65 million) in total revenue and VND143 billion (6.2 million) in pre-tax profit. The dividend is expected to be paid at 20 per cent.

OPC shares closed the June 22 session at VND60,000 ($2.61).

By Trúc Anh

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