Japanese shareholders want to sell shares in Viet Nhat Medical Equipment from August 27 to September 25.(Photo courtesy of the firm)Hanoi (VNS/VNA) - Japanese DIAsia Industrial Fund (DIAIF) announced it would sell all shares in Viet Nhat Medical Equipment from August 27 to September 25.
The 21.8million shares, or 19.35 percent, with the sticker JVC,were registered to the fund’s chairman Kyohei Hosono.
At the sametime, Dream Incubator Inc or DI Inc, that is also related to Hosono,registered to sell nearly 6.6 million JVC shares, or a 5.85 percent stake inthe firm.
DIAIF is aninvestment fund established by two Japanese companies, Dream Incubator and OrixCorporation.
The totalvolume of JVC shares to be sold was 28.35 million shares or 25.2 percentof the stake in the medical firm.
At theprice of 4,600 VND per share, theJapanese shareholders could earn more than 113 billion VND (4.8 million USD) from the sale.
JVC waslisted on the Ho Chi Minh Stock Exchange in2011 and used to be one of the best selling stocks for many investment funds.In 2015, each share peaked at more than 25,000 VND.
However,founder and CEO Le VanHuong was arrested on charges of fraud and lyingto customers. The stock started to plunge. A series of majorshareholders withdrew their capital from the company, including Dragon Capital,Vietnam Equity Holding, and Vietnam Medical Equipment Corporation./.
VNA
