Mutual Fund gets major Mobile World stake

Saturday, Nov 15, 2014 13:19

Mobile World is mostly owned by Mutual Fund Elite. – Photo

HA NOI (Biz Hub)  — Mutual Fund Elite announced on Thursday that it will become a major shareholder of Mobile World (MWG) by increasing its stake to 7.23 per cent.

On October 11, Mobile World's largest shareholder CDH Electric Bee sold around 3.2 million shares, or a three-per-cent stake, at the ceiling price of VND110,000 (US$5.1). It is speculated that Mutual Fund Elite bought the shares.

There are three large foreign shareholders of Mobile World now, including Mekong Capital. — VNS

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