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VinaCapital completes divestment from Yeah1

The Saigon Times

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HCMC – DFJ VinaCapital Venture Investment has announced that it divested its entire 4.87% stake in Yeah1 Group Corporation (YEG) from.

Earlier in late March, DFJ VinaCapital sold over 1.5 million YEG shares, or half of its registered volume, lowering its ownership in YEG to nearly 4.9%. After the sale, the venture capital fund was no longer a major shareholder of YEG.

The fund started to divest its stake in Yeah1 after Hoang Duc Trung, director at VinaCapital, resigned as a member of the board of directors of Yeah1 on February 17.

VinaCapital invested in Yeah1 from June 2008 by purchasing over 213,000 shares at VND128,333 per share.

Closing the trading session today, April 22, YEG lost nearly 4.5%, extending its falling streak for the fifth consecutive day.

Positive performance of the bluechip group pushed the VN-Index of the Hochiminh Stock Exchange up 9.02 points, or 0.66%, from the session earlier, at 1,379.23, ending its six-day losing streak. The southern bourse saw 11 of 202 rising stocks hit their daily upper limits.

More than 834 million shares worth VND24.8 trillion changed hands, inching up 3% in volume and 4% in value against the day earlier.

Meanwhile, many bluechips were among the major drags of the HNX-Index of the Hanoi exchange. At the close, the main dipped by 7.49 points, or 2.04%, from the previous session, at 359.12.

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