HÀ NỘI — KIM Vietnam Growth Equity Fund announced Friday it had sold an additional 1.47 million shares of steel company Nam Kim Group (NKG).
The transaction caused the South Korea fund, holding more than 8 million shares, equivalent to 4.68 per cent, to no longer be a major shareholder of NKG.
On the market, NKG shares are priced at VNĐ12,200 (US$0.53) per share, 1.5 times higher than the beginning of November. After the sale, KIM is expected to collect about VNĐ18 billion.
The South Korean fund sold nearly 4 million shares of Nam Kim Group in mid-August, equivalent to over 9.1 per cent of the steel company’s capital.
In early April, Dragon Capital fund group also divested tens of millions of NKG shares and is no longer a major shareholder since April 10.
