HCM City-based Vinamilk reaches the revenue of VND25.6 trillion ($1.2 billion) in the first nine month 2014. — Photo Vinamilk

HA NOI (Biz Hub) — Seven investors have transferred nearly 3 million shares of the dairy giant Vinamilk (VNM) to Genesis Smaller Companies SICAV, said the Vietnam Securities Depository (VSD) on December 10.

As Vinamilk had more than 1 billion shares in September 2014, the number of shares transferred amount to a 0.3 per cent stake.

On December 10, each VNM share closed at VND90,000 (US$4.2) in the local market.

VSD said that the investor firms that transferred 2,944,543 VNM shares were: Kuroto Fund LP; Equinox Partners LP; KITMC Worldwide Vietnam Fund 1; KITMC Worldwide Vietnam Fund 2; KITMC Vietnam Growth Fund; KITMC Vietnam Growth Fund 2; and KITMC Worldwide Vietnam RSP Balance Fund.

Vinamilk earned VND25.6 trillion ($1.2 billion) in revenue in the first nine month of this year, a 12 per cent year-on-year increase. Its net profit in the same period was VND4.3 trillion ($202.8 million).

Genesis Smaller Companies SICAV is a SICAV Incorporated in Luxembourg, said Bloomberg.com, adding that the fund invests in equity securities in companies operating in emerging markets to achieve capital growth over the medium to long term.— VNS