Viet-Han Corporation executives register to sell 12.28% stake

Saturday, May 18, 2013 11:54

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HCM CITY (BIZ Hub)— Two executives of Viet-Han Corporation, a communications equipment manufacturer listed on the HCM City exchange, plan to sell a large volume of company shares over the next two months.

General Director Huynh Tan Chung has registered to sell more than 3 million shares, equivalent to a 12.28 per cent of the company's stake, from May 21 to June 21.

Earlier, Chairman Dinh Cong Trang also announced he would unload 13.9 per cent, or 3.47 million shares, from May 15 to June 14.

Both executives said the sales were aimed at restructuring their investment portfolios.

VHG reported a Q1 loss of nearly VND9.7 billion (US$462,000), its eighth consecutive quarterly loss.-VNS

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