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| Prudential management firm sells nearly 3m VTO coded shares |
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09/Sep/2008 Intellasia | CafeF |
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9 Sep, 2008 - 7:00:00 AM |
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Ho Chi Minh Stock Exchange (STC) announced the change in holding ratio of relatives who hold VTO coded shares of Vitaco Petroleum Transportation Joint Stock Co Accordingly, Prudential Vietnam Securities Investment Fund Management Co Ltd representing to the company group sold out nearly three million VTO coded shares between June and August 2008.
Total number of VTO shares held by Prudential companies before the transaction finished was 3,198,410 shares, accounting for 5.33% of the transport firm's chartered capital. In which, Prudential Vietnam Life Insurance Ltd Co held 4.8%, Prudential Balanced Fund 0.07%, PCA International Funds SPC 0.46% and International Opportunities Funds 0%.
Total sold shares were 2,988,260. Particularly, Prudential life insurer sold 2,668,350 shares from June 27, 2008 to August 12, 2008. Prudential Balanced released 42,500 VTO coded shares between July 7 and 9, and PCA International Funds SPC transferred 277,410 VTO shares from June 12 to July 2, 2008.
Earlier, Sacombank also reported selling 165,000 VTO coded shares, reducing its size in the transportation company from 5.18% down to 4.9%.
On September 4, VTO increased by 1,000 dong to 21,700 dong per share with 41,040 shares changed hands.
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