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Construction firm, seafood exporter axed from investment fund FTSE

Dec 8th at 14:53
08-12-2012 14:53:16+07:00

Construction firm, seafood exporter axed from investment fund FTSE

Investment fund FTSE yesterday announced its initial review of tracking stocks in December.

Accordingly, construction firm Sudico (SJS) will be excluded from the FTSE Viet Nam Index, while seafood exporter Hung Vuong (HVG) will be dismissed from the FTSE Viet Nam All-Share Index.

In addition, the fund noted the room for foreign investors fell from 29 to 22 per cent in property developer Vingroup (VIC) and from 40 to 33.91 per cent in HCM City Infrastructure Investment (CII). These two companies have revised the ratio for bond issuance purposes.

The fund's review will take effect on December 24

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