Foreign investors boost stake in steelmaker

Saturday, Dec 21, 2013 11:36

HA NOI (Biz Hub) — A group of eight foreign investors bought shares of steel maker Hoa Phat (HPG) to increase their stake from 8 per cent to 9.07 per cent, the company has announced.

The change in ownership will be effective from December 23.

Specifically, Norges Bank bought an additional 3.7 million HPG shares to hold 2.42 per cent in the company, while Ireland's DC Developing Markets Strategies and Singapore's The CH/SE Asia Investment Holdings raised their stakes by 0.14 per cent and 0.05 per cent, respectively.— VNS

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