Vingroup no longer owns Vincom Retail, but retains an 18.4 per cent equity stake. A new Vietnamese investor group has purchased a 55 per cent stake in SDI for around VNĐ4.8 trillion.
Vingroup holds 18.82 per cent of the voting rights in Vincom Retail. However, it will continue to manage the activities of the retail centres on behalf of Vincom Retail.
Shares were mixed on Friday morning, as the market benchmark VN-Index fell under pressure of profit-taking activities, while the HNX-Index was still on a rallying trend.
Shares inched higher on Thursday morning as a wide range of big bank stocks recovered. But downside risk remains due to strong falls in real estate stocks.
Shareholders in Vincom Retail have agreed with the company’s 2020 net profit target of VND2.5 trillion (US$107.3 million), a of 12 per cent over 2019 due to the COVID-19 pandemic.
Property developer Vincom Retail (VRE) and SSI Securities (SSI) are two of four stocks expected to weigh more in the large-cap VN30 basket, according to Rong Viet Securities Corp (VDSC).
Vincom Retail Joint Stock Corporation announced that it spent VND300 billion (nearly US$13 million) to support rental cost for its partners doing at 79 department stores.