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.
Other news
Stock market in May: more challenges await
VN-Index revives nearly 9 points
VN-Index slides for four straight days due to heavy share dumping
Shares of Vietnam Airlines soar prior to official listing on HOSE
More foreign investors join Vietnam’s securities market
Securities market needs improvement to attract investment
Thanh Nien Newspaper to auction shares of Thanh Nien Media Corp
Vietnam Stock Exchange to be established
Market cap accounts for 72 percent of GDP in 2018
