Foreign investor puts ACB shares up for sale

Thursday, Oct 08, 2020 06:43

An office of Asia Commercial Joint Stock Bank (HNX: ACB). — Photo

First Burns Investments Limited has offered 33 million shares of Asian Commercial Bank (ACB) for sale.

The deal is scheduled for one month from October 9 to November 6 and shares will be sold through either order-matching or put-through transactions.

ACB shares, listed on the Ha Noi Stock Exchange as ACB, fell 2.5 per cent to end Wednesday at VND23,400 (US$1.01) apiece.

ACB shares have gained a total of nearly 40 per cent since July 27.

First Burns Investments Limited now owns more than 86.4 million shares at the Ha Noi-based lender, equal to 4 per cent of total outstanding shares.

The investment firm has received nearly 20 million shares when ACB issued bonus shares in late August.

The foreign investor first bought 74.6 million ACB shares on October 17, 2017, for VND32,700 apiece.

The investment fund has since increased its ownership by receiving bonus shares in August 2018, July 2019 and August this year. — VNS

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