VietNamNet Bridge - Mekong Capital has registered to sell 2.24 million shares of a total of more than 15 million shares of Mobile World that the fund currently holds.

A store of Mobile World.

According to information from the Ho Chi Minh City Stock Exchange (HOSE), Mekong Enterprise Fund II (MEF II) managed by Mekong Capital - the largest shareholder of Mobile World - has registered to sell 2.24 million shares, equivalent to 14.32% during 29/12/2014 - 27/01/2015.

The purpose of the transaction is to divest part of its capital. After the transaction, this fund will hold only 13.027 million shares of Mobile World, equivalent to the ownership rate of 12.22%.

On December 25, 2014, the price of MWG share was VND105,000/unit. Thus, the MEF II’s shares are worth VND235 billion, equivalent to $11 million.

Owning shares at Mobile World since 2007 with over 30%, MEF II continually divested before Mobile World was listed and now it holds 14.32% of shares. Previously, MEF II said profits they gained from Mobile World were 11 times more than their investment.

Foreign investors hold a 46.45% stake in Mobile World.

In November, another major shareholder of Mobile World - CDH Electric Bee - also transferred 3.2 million shares to the Mutual Fund Elite at the price of VND111,000/share. After the transaction, CDH Electric Bee owns 12.23% and Mutual Fund Elite holds 6.88% stake in Mobile World.

Mobile World recently issued 5.33 million ESOP shares to nearly 600 employees and its charter capital increased to approximately VND1.12 trillion. Its profit in January-November 2014 was reported as VND609 billion, an increase of 136% compared to the same period last year.

Pham Lai