Dat Xanh wants to increase ownership in an indirect subsidiary

Dat Xanh Group (DXG) has approved a resolution to increase its ownership to at least 99% in Dat Xanh Commercial (DXC) through stock transfer or additional capital contribution, with a maximum investment value of 210 billion VND. Currently, DXC is a subsidiary of Dat Xanh Services (DXS), which owns 70%, with DXS being a subsidiary of DXG at 59%. On May 23, DXS approved the transfer of all its shares in DXC, expected to take place in Q2 2025. On the same day, Dat Xanh announced the issuance of over 148 million bonus shares for shareholders at a rate of 100:17 to increase its charter capital from 8,726 billion VND to over 10,206 billion VND. In Q1 2025, Dat Xanh reported a revenue of approximately 925 billion VND, down 13% year-on-year, due to a nearly 19% reduction in revenue from real estate transfers. However, due to a 30% reduction in cost of goods sold, gross profit still increased by 8% to over 510 billion VND, with net profit reaching over 78 billion VND, up 1%.