CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
VinaCapital offloads Vietnam’s FPT stake worth over US$7 million to foreign investors
Hai Yen 10:14, 2019/02/18
As stated by Vietnam Securities Depository (VSD), VOF Investment Limited, a wholly-owned subsidiary of VinaCapital, has transferred 3.05 million FPT shares to Australia’s Macquarie Bank and 500,000 to Florida Retirement System.
Vietnam’s leading asset management firm VinaCapital, through VOF Investment Limited, has offloaded nearly 3.9 million shares of leading IT firm FPT Corporation to Australia’s Macquarie Bank and Florida Retirement System in a deal worth VND170 billion (US$7.34 million), local media reported.
 
Illustrative photo.
Illustrative photo.
According to the Vietnam Securities Depository (VSD), VOF Investment Limited has transferred 3.05 million FPT shares to Macquarie Bank and 500,000 to Florida Retirement System. 

Macquarie Bank also acquired another 300,000 FPT shares from VinaCapital’s Forum One – VCG Partners Vietnam Fund and 30,000 from SHBNPP Vietnam Securitiy Master Investment Trust. 

The transaction value was not disclosed. However, based on the current market price of FPT shares at VND 44,200 (US$1.91) each, the value of the transaction is estimated at VND170 billion (US$7.34 million).

In 2018, FPT posted revenue and a pre-tax profit of VND23.21 trillion (US$1 billion) and VND3.85 trillion (US$166.58 million), up 6% and 11% against the year’s estimations, respectively.

Additionally, FPT’s earnings per share (EPS) reached VND3,900 (US$0.16), while its profit margin stood at 16.6%, 1.7 times higher than the rate recorded in the same period last year.  

Macquarie Bank is currently a major shareholder of Vietnam’s entertainment group Yeah1, holding a total of 1.58 million shares or 5.06% stake. 
Comments
Other news
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.
14:38, 2024/09/17
Foreign capital pouring into Vietnam's real estate market
Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.
16:27, 2024/08/24
Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.