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DPV Real Estate Development JSC Officially Became A Major Shareholder Of F.I.T

29/08/2017

With the purchase of 2.22 million shares, DPV is the second largest shareholder in FIT, after Dung Tam Investment Joint Stock Company holding over 30% of chartered capital.

DPV Real Estate Development Joint Stock Company officially became one of the major shareholders of F.I.T Group by acquiring 2,220,350 shares of F.I.T, equivalent to 5.12% of chartered capital.

According to announced information, DPV Real Estate Development JSC has finished the acquisition of 13.05 million FIT shares of F.I.T Group on August 29th, 2017.

With this result, DPV is the second largest shareholder in FIT, after Dung Tam Investment Joint Stock Company holding over 30% of chartered capital.

Information about DPV is modest, but according to what was published in the Financial Times two years ago, DPV operates in the form of investment fund, carrying out investment projects in the field of infrastructure development, real estate, industry and tourism.

According to this information, by the end of 2015, DPV has invested and traded in luxury villa chain of Vinpearl Premium Ocean Villas with total investment of nearly 200 million USD.

This is also the same company that sent an official letter to the Ministry of Transport to buy all shares of the state at the Railway Construction Corporation – Joint Stock Company (RCC), equivalent to 48.04% of RCC’s chartered capital.

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