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Chinese investor raises stake in Vietnam Investment Securities Co

Oct 24th at 15:43
24-10-2014 15:43:21+07:00

Chinese investor raises stake in Vietnam Investment Securities Co

 Xiang Qing Song, chairman of China's Zhejiang 001 Group Co Ltd, bought another 196,700 shares of Vietnam Investment Securities Co (IVS) yesterday, thus raising his stake in the brokerage company from 4.58 to 5.8 per cent and becoming IVS's largest shareholder.

IVS said Zhejiang 001 Group was planning to raise its stake in IVS to over 3 million shares. Zhejiang 001 Group, founded in 1988, specialises in manufacturing and exporting TV antenna, drawing boards and other products.

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