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Orchid Capital offloads Masan stocks

Released at: 09:17, 15/09/2015

Orchid Capital offloads Masan stocks

Sale of 5.54 million shares to restructure portfolio.

by Hung Nguyen

Orchid Capital Investments Pte Ltd (OCI) issued a “Report on Change in Ownership of Major Shareholder” regarding its holdings in the Masan Group Corporation (MGC) on September 14.

The report was sent to the State Securities Commission, the Ho Chi Minh City Stock Exchange, and MGC.

OCI has sold about 5.54 million shares in MGC, reducing its share ownership from 64.77 million, or 8.67 per cent of total shares, to 59.23 million shares, or 7.93 per cent.

The transaction was conducted on September 7 via negotiation at a price of VND77,500 ($3.45) per share, for a total value of VND428.98 billion ($19.07 million).

It sold the shares to restructure its investment portfolio, according to the report.

Since the beginning of this year OCI has sold about 15 million MGC shares.

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