Shinhan Bank Vietnam Limited is no longer a major investor in VnDirect Limited Securities Company after a foreign investor sold some of its stake of the securities company.

Yurie Vietnam Accumulated Target Return, a member of Shinhan Bank’s group of investors, has recently sold 87,000 shares of VnDirect, equal to 0.04 per cent of ownership. The move brought the group’s ownership from 5.01 per cent to 4.97 per cent.

With less than 5 per cent of the fund, the group is now classified as a minor investor.

Of Shinhan Bank’s group of related investors, only Yurie Vietnam Securities Investment Trust still holds a stake in VnDirect with 10.7 million shares.

VnDirect has a charter capital of more than VND2.2 trillion (US$95.7 million). Shares were traded at VND20,850 on Friday morning.

VnDirect holds a securities brokerage market share of 7.71 per cent on the HCM City Stock Exchange, ranking fourth. On the Ha Noi Stock Exchange, it holds a share of 9.64 per cent, ranking second. It ranks first on UPCoM with the share of 13.8 per cent . — VNS