PVFCC buys over 6 million shares of DCM

Friday, Jul 08, 2016 16:16

Ca Mau Fertilizer is one of the leading fertiliser firm in the south of Viet Nam. — Photo cafef.vn

HA NOI (Biz Hub) — PVFC Fund Management Joint Stock Company (PVFC Capital) reported the purchase of 6.1 million shares of Ca Mau Fertilizer (DCM).

Accordingly, the fund has raised its stake in DCM from 8.01 per cent to nearly 9.16 per cent, reaching a total of nearly 45 million shares.

From the beginning of April, PVFCC continuously bought shares in the fertilizer firm in CA Mau Province and became the firm's second largest shareholder.

Currently, the largest shareholder of Ca Mau Fertiliser is PetroVietnam (PVN), with more than 400 million shares, equivalent to a 75.56 per cent stake in the company. — VNS

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