VinaCapital offloads Vietnam’s FPT stake worth over US$7 million to foreign investors
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.
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.
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