US mutual fund buys 1.8 million FPT shares

Monday, May 18, 2015 14:36

A US mutual fund has bought 1.8 million FPT shares, worth more than VND88 billion. — Photo

HA NOI (Biz Hub) — A US mutual fund, the Kuroto Fund, has purchased 1.8 million FPT shares at a cost of more than VND88 billion (US$4.05 million).

The selling price per share was VND49,000 ($2.25) on the HCM City Stock Exchange.

The Vietnam Securities Depository announced the completion of the transfer of 1,800,000 FPT shares from four foreign investors to the fund, including Vietnam Enterprise Investment Ltd with 800,000 shares, Amersham Industries Limited with 550,000 shares, Norges Bank with 350,000 shares and DC Developing Markets Strategies Public Limited Company with 100,000 shares.

The transferee, Kuroto Fund, L.P, is headquartered in the US. Kuroto is a mutual fund, which is professionally managed.

The valid date was 11 May 2015.— VNS

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