Sunday,  Jun 24, 2018,02:15 (GMT+7) 0 0
Mekong Enterprise II lowers stake in MWG
Minh Chi
Tuesday,  Sep 12, 2017,19:22 (GMT+7)

Mekong Enterprise II lowers stake in MWG

Minh Chi

HCMC – Mekong Enterprise II Ltd has reduced its ownership at Mobile World Investment Group (MWG) after transferring three million shares at the electronics retail chain operator to other investors, cutting its stake to less than 3%.

According to a notice of the Vietnam Securities Depository, Mekong Enterprise II Ltd has sold MWG shares to a group of investors, including 903,300 shares to Aquila SPC Ltd, one million shares to Wareham Group Ltd, 356,700 shares to IDRIS Ltd, 640,000 shares to Vietnam Holding Limited and 100,000 shares to KB Vietnam Focus Balanced Fund. It has reduced its holding from 11 million shares to eight million shares, or a 2.6% stake.

Norges Bank and Amersham Industries Limited have also transferred around 74,000 and 275,000 shares of FPT Corporation (FPT) to Lloyd George Indian Ocean Master Fund, said the notice.

On the local market, MWG closed the September 11 session at VND111,500 a share, rising 0.9% versus last Friday, when the shares had been sold to Mekong Enterprise II Ltd at VND109,500 each. Mekong Capital, the operator of the fund, is expected to have raised VND328.5 billion from the transaction.

Early this month, Aquila SPC Ltd, Wareham Group Ltd, IDRIS Ltd, Vietnam Holding Limited and KB Vietnam Focus Balanced Fund acquired a total of 936,000 shares of MWG sold by The Genesis Emerging Markets Investment Company and Frontaura Global Frontier Fund LLC.

Launched in 2002 with total capital of US$18.5 million shares, Mekong Enterprise II Ltd is active in the Vietnamese market, focusing on unlisted private companies.

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