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Sinh Thai sell all its shares in Vingroup

Nov 13th at 11:00
13-11-2015 11:00:09+07:00

Sinh Thai sell all its shares in Vingroup

Sinh Thai Investment and Development JSC, the third larger shareholder of Vingroup, has sold 111.86 million Vingroup shares, worth more than VND4.9 trillion ($218.5 million).

 

The Hong Thai Development and Commercial Investment Co. Ltd bought 60 million of these shares, worth VND2.6 trillion (US$118.1 million), and the rest were sold to other companies.

Hong Thai Company now has 103.6 million shares of Vingroup, becoming its third largest shareholder. Vingroup is one of the country's leading property firms. Vingroup Chairman Pham Nhat Vuong and Viet Nam Investment JSC own 28.78 per cent and 12.25 per cent of Vingroup shares, respectively.

The Hong Thai Company mainly operates in the field of trade promotion, while Sinh Thai JSC focuses on real estate.

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