TIMES24H – International Breaking NewsTIMES24H – International Breaking News
    Facebook Twitter Instagram
    TIMES24H – International Breaking NewsTIMES24H – International Breaking News
    • Hot!
      1. COVID-19
      2. Vietnam
      3. Asia
      4. World
      5. Video
      Featured

      VinFast’s fifth electric vehicle costs less than $30,000

      By Miley SelenaOctober 1, 20230
      Recent

      VinFast’s fifth electric vehicle costs less than $30,000

      October 1, 2023

      Vietjet offers 50% discount on Business and SkyBoss tickets

      October 1, 2023

      Chinese swimmers finish in style as ‘Faker’ wins gold and more

      September 30, 2023
    • Business

      POPS Reaches Huge Milestone with 10,000 Enrolled Students

      December 16, 2021

      UrBox raises $2.2 million in Pre-Series A

      December 16, 2021

      One Mount garners two prestigious awards as it celebrates two years of remarkable growth

      October 11, 2021

      IBM and Mercedes develop “Stolen Vehicle Help” for Mercedes me service

      October 5, 2021

      Porsche reports Q3 2021 U.S. retail sales

      October 2, 2021
    • Life
      1. Lifestyle
      2. Recipes
      3. Fashion
      4. View All

      華盛証券獨家加碼派送《夜校》首映門票 與張天賦見面齊觀影 | Media OutReach Newswire

      October 1, 2023

      VinFast officially launches VF 6 in Vietnam

      September 29, 2023

      Green SM reaches the six millionth ride

      September 29, 2023

      GSM officially launches electric scooter ride-hailing services in Ho Chi Minh City

      September 29, 2023

      Cooking tips for a smaller Thanksgiving celebration

      November 18, 2020

      Hanoi: A capital, and a kingdom of egg coffee shops

      November 16, 2020

      4 must-try recipes when you travel to Vietnam

      November 7, 2020

      Cutting-Edge Technology for Top Dentists

      December 24, 2021

      H&M faces boycott in Vietnam over “problematic map”

      April 7, 2021

      Ground-breaking French designer Pierre Cardin dies aged 98

      December 30, 2020

      #HealthGoals: Jessica Simpson shows off 100 lbs weight loss in Christmas pajamas

      December 27, 2020

      Plane captain dies during Miami-Chile flight

      August 17, 2023

      French paintings of Vietnamese life a century ago exhibited in HCMC

      August 17, 2023

      Judge says accused TV contest not rigged

      August 17, 2023

      I don’t know how to tell my Christian parents-in-law I want a divorce

      August 17, 2023
    • Sport
    • Tech
      1. Gadgets
      2. View All

      “Stupid windman” PC assembly experience based on Newegg ChatGPT

      March 29, 2023

      The value of the industrial cloud as an example of “the power of ecosystem, the power of expertise”

      March 29, 2023

      Machbase Releases Open Source Structured Time Series Database “Macbase Neo”

      March 28, 2023

      KISA, 2023 ‘Training to Build Elite Information Security Professionals’…”Double the Size of the Previous Year”

      March 28, 2023

      “Stupid windman” PC assembly experience based on Newegg ChatGPT

      March 29, 2023

      The value of the industrial cloud as an example of “the power of ecosystem, the power of expertise”

      March 29, 2023

      Machbase Releases Open Source Structured Time Series Database “Macbase Neo”

      March 28, 2023

      KISA, 2023 ‘Training to Build Elite Information Security Professionals’…”Double the Size of the Previous Year”

      March 28, 2023
    • PR Newswire
    Media Outreach Newswire
    TIMES24H – International Breaking NewsTIMES24H – International Breaking News
    Home»Asia»Vietnamese companies thrive despite divestment of foreign shareholders – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports
    Asia

    Vietnamese companies thrive despite divestment of foreign shareholders – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Kevin LeBy Kevin LeJanuary 25, 2021No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The blast-furnace No 1 of Hoà Phát – Dung Quất Iron and Steel Integrated Complex. Photo hoaphat.com.vn

    HÀ NỘI — The increase in Việt Nam’s stock market has helped foreign shareholders implement their disinvestment plans in Vietnamese enterprises. However, these activities will not have a significant effect on companies’ internal systems. 

    Foreign shareholders play important roles in supporting business activities and creating a good image for public listed companies. After achieving initial cooperative targets, some organisations plan to disinvest. 

    Vietnamese companies witnessed the withdrawal of many foreign investors, but their businesses are still growing due to accumulative management skills during the cooperation period.

    Lucerne Enterprise Ltd and NS Advisory Inc Pte.Ltd of Nikko Indonesia sold millions of Licogi 16 (LCG) shares at the end of 2020. The Indonesian shareholders started to invest in LCG in 2014. 

    The LCG shares price ended last Friday at VNĐ14,750, up 96.4 per cent year-on-year. The share price almost hit a ten-year high of VNĐ16,000 in the second week of January.

    On April 2020, Dragon Capital sold off Century Land JSC (CRE) shares and the price reached a historic high of nearly VNĐ29,000 at that time, 2.3 times higher than its bottom level. 

    Earlier this year, PENM III Germany GmbH & Co. KG also registered to sell more than 66.5 million shares of Hoà Phát Group JSC (HPG) shares which accounts for 2.01 per cent of the company’s charter capital. The deal will be held from January 7 to February 2. 

    According to PENM III, the investment to Hoà Phát has brought great profit, and the sale is due to the expiry of the fund which closes in 2021. 

    The share selling pressure has made the share price fluctuate, but it is still on course for a high of nearly VNĐ45,000.

    Last Friday, the shares traded at VNĐ43,650, up nearly 69 per cent against the same period last year. 

    Recently, Creed Investments VN-1 Ltd of Creed Group registered to sell more than 4.5 million shares of An Gia Real Estate Investment and Development Corporation (AGG), equivalent to 5.5 per cent of its charter capital. On the first trading day of the deal which was on January 19, the market recorded the amount of buying in AGG stocks almost the same with the amount that Creed Investments registered to sell.

    The AGG share price edged higher last Friday to VNĐ36,000. 

    “These disinvestments were calculated in most of foreign investors’ long-term strategies and were for profit booking when the stock market surged to a historic peak of 1,200 points,” a senior market analyst told Việt Nam News on the condition of anonymity.

    The analyst also added that with the current conditions of Việt Nam’s market including the control of the COVID-19 pandemic and positive economic growth, more foreign capital is coming. 

    Companies also expect the disinvestment of big foreign shareholders and have prepared for it, according to the analyst. The cooperation with foreign investors helps improve the companies’ management skills and business strategies. Hence, the disinvestments according to plans will not affect the companies’ internal factors. 

    Moreover, foreign investors like Creed Investments, PENM III and Dragon Capital will use money from the share sales to reinvest in the same or different companies and projects in the future. -VNS



    Source: Vietnam News

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Private jet crashes into motorbike and car in Malaysia, kills 10

    August 17, 2023

    WHO holds first traditional medicine summit

    August 17, 2023

    Plane captain dies during Miami-Chile flight

    August 17, 2023

    Leave A Reply Cancel Reply

    Latest News

    VinFast’s fifth electric vehicle costs less than $30,000

    October 1, 2023

    HOHEM Unveils Cutting-Edge Stabilizers, Earns Top 10 Recognition at KITAS 2023

    October 1, 2023

    華盛証券獨家加碼派送《夜校》首映門票 與張天賦見面齊觀影 | Media OutReach Newswire

    October 1, 2023

    Vietjet offers 50% discount on Business and SkyBoss tickets

    October 1, 2023
    DMCA.com Protection Status
    Facebook Twitter Instagram Pinterest
    © 2023 TIMES24H. Regn. No. 0316487598. All rights reserved

    Type above and press Enter to search. Press Esc to cancel.