Vietnam Invest Fund II has put its entire holding of 42.87 million shares of the logistics firm Gemadept up for sale in an attempt to make a complete divestment.
SSJ Consulting (Vietnam) Ltd Co, a subsidiary of Japan’s general trading company Sumitomo, has registered to buy nearly 29.7 million shares of Gemadept.
Many of the top 30 companies by market capitalisation on the HCM Stock
Exchange have reported mixed nine-month earnings, according to their
latest financial statements.
Shares rallied in HCM City yesterday and the VN-Index added 3 per cent to 505.81 points.Analysts for the financial information website vietstock.vn said it was the highest increase in more than two years.