return icon Vietnamnet.vn

Mekong Capital wants to sell $11 million shares of Mobile World

 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.

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.



{keywords}

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

MORE NEWS

Authority maintains tough stance on safety violations on Hanoi’s “railway café street”

The Vietnam Railway Authority has insisted that it will take a hard line on railway traffic safety violations along Hanoi’s popular "railway café street" sketching across the inner districts in its recent report to the Ministry of Transport.

Foreign hi-tech firms expand investment in Vietnamese market

Molex, the world’s leading supplier of connectors and interconnect components, has unveiled its ambitions to expand its existing manufacturing plant in the Vietnamese market by developing its plant in Hanoi.

VIETNAM BUSINESS NEWS OCTOBER 4

Hai Phong lures more than 1.24 billion USD in first nine months

Vietnam rakes in US$16.05 billion from tourism in nine months

Vietnam earned some 394.2 trillion VND (16.05 billion USD) from tourism in the first nine months of this year, equivalent to 78% of the figure recorded in 2019 before the COVID-19 pandemic broke out.

VIETNAM NEWS HEADLINES OCTOBER 4

Vietnam invests in 10 energy technologies

Vietnamese poetry collection published in Canada

A poetry collection from five female translators based in Hanoi, entitled Ngũ Sắc Ánh Sáng (5 Sights of Light), has been introduced to Canadian readers by Ukiyoto Publishing.

Multi-billion thermal power project needs more capital

The Ministry of Industry and Trade (MOIT) has asked for ministries' opinions on solutions to problems related to the balance sheet of the Vung Ang 1 thermal-power plant.

The best September photos on VietNamNet

Hot air balloons with the Vietnamese national flag of 1,800m2 on the banks of the Saigon River, Typhoon Noru making landfall in Quang Nam Province, the roofs of many houses being blown away...

BSR to expand Dung Quat Oil Refinery

The Ministry of Industry and Trade (MOIT) has asked Binh Son Refining and Petrochemical JSC (BSR) to clarify some issues related to its project on expanding Dung Quat Oil Refinery.

Dutch conductor to lead concert at Opera House

Conductor Leon Bosch from the Netherlands will lead a concert featuring masterpieces by European composers at the HCM City Opera House on Saturday, October 8.

‘578’ to represent Vietnam at Oscars

An action film starring Miss Universe Vietnam 2018, H'hen Niê, 578: Phát Đạn Của Kẻ Điên (578: Magnum), has been selected as Vietnamese representative at the 95th Oscars, 2023.

USD surges to VND24,000, US$1.7 billion withdrawn from circulation

The State Bank of Vietnam (SBV) withdrew nearly VND41 trillion ($1.7 billion) through open market operations as the US dollar rose to over VND24,000 on September 26-30, 2022.

HCM City to build a series of new traffic projects

HCM City is speeding up procedures to start the construction of key traffic works at gateways by the end of the year, according to HCM City's Department of Transport.

Burning garbage in Hanoi threatens residents' health, property

There have been consecutive fires caused by people's poor awareness, who were burning garbage and straw in residential areas, causing fires recently in Hanoi.

New cargo airline still waiting for license

After the Prime Minister agrees on the establishment of IPP Air Cargo, the Ministry of Transport (MOT) will implement procedures to grant a license to the air carrier, according to MOT Deputy Minister Le Dinh Tho.
back_to_top