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Macquarie Bank buys 2.3 million FPT shares

Jul 13th at 08:38
13-07-2020 08:38:31+07:00

Macquarie Bank buys 2.3 million FPT shares

Australia-based fund Macquarie Bank Limited has purchased 2.3 million shares of tech firm FPT Corporation (FPT) from Truck Capital Master Fund Ltd, according to the Vietnam Securities Depository (VSD).

 

FPT is one of the stocks that have run out of room for foreign ownership. Therefore, foreign investors often transfer FPT shares to each other.

Shares of FPT closed on Friday at VND47,800 per share.

Macquarie Bank has repeatedly purchased millions of FPT shares via VSD. By the end of 2019, it owned a 4.33 per cent stake in FPT.

FPT recorded consolidated revenue of VND27.7 trillion (US$1.18 billion) last year, a year-on-year increase of 19.4 per cent. Its pre-tax profit was VND4.7 trillion, growing 20.9 per cent. 

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