Red Capital fully divested 18 million shares at Seaprodex, revealing a new major shareholder of prominent real estate projects

Red Capital has sold all 18 million shares of the Vietnam Seaprodex Corporation, equivalent to 14.4% of its charter capital. The transaction occurred from August 14 to 22, 2025, generating approximately 720 billion VND, with a profit of over 200 billion VND after one year of holding. On the last trading day, SEA shares were at 40,000 VND each. On the same day, S.S.G Group became a new major shareholder by acquiring over 14.9 million shares, representing about 11.92% of Seaprodex’s charter capital, amounting to 596 billion VND. Seaprodex has two other major shareholders: SCIC and Gelex. In the first six months of 2025, Seaprodex achieved revenue of 336 billion VND, up 8% year-on-year, with a net profit of 108 billion VND, up 6%. Seaprodex plans for total revenue of 155.58 billion VND in 2025, up 8.4%.