VinaCapital funds sell DHG shares

June 22, 2016 | 09:38

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Two funds of Viet Nam-based investment and asset management firm VinaCapital will sell more than 6.3 million shares, or a 7.28 per cent stake, of DHG Pharmaceutical Joint Stock Company (DHG).

Workers process products at DHG Pharmaceutical Company. The company's share prices have increased by 30 per cent since the beginning of this year. — Photo taichinhplus.vn

The Portal Global Limited fund registered to sell 6.28 million shares, while the Viet Nam Investment Property Holdings Limited fund registered to unload 50,000 shares. The market value of the shares totals about VNĐ550 billion, or US$25 million, at present.

The funds said the transactions are expected to be carried out between June 22 and July 21, and the sale will help them restructure investment portfolios.

Portal Global Limited is reportedly one of two major shareholders of DHG, besides the State Capital Investment Corporation, which holds 43.42 per cent of the pharmaceutical firm's equity.

DHG share prices have increased by 30 per cent, from VND66,500 per share to around VND86,500 per share, since the beginning of this year.

VinaCapital, founded in 2003, has some $1.4 billion in assets under management.

VNS

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