It aims to reduce its ownership rate from 4.17 percent to 2.14 percent, equal to 4 million of CII shares.

The Philippines-based VIP Infrastructure Holdings Pte.Ltd earlier sold 11.3 million shares of CII and earned VND 360billion. The Philippines firm is no longer a major shareholder of CII, the Vietnamese side announced.

Related stock news, An Duong Thao Dien Real Estate Trade Investment (HAR) said Vinacapital fund management Corp has completely bought 11.2 million shares of HAR, accounting for 11.06 percent of HAR’s chartered capital and become its second largest shareholder.

DO DOAN-Translated by K.Lien