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VietNamNews

Masan Group tycoon to sell four million more shares

Update: March, 07/2012 - 10:36

HCM CITY — Vice chairman of the food processor Masan Group (MSN) Ho Hung Anh registered to sell another 4 million shares of the company from March 9 to April 15 through negotiations, the HCM Stock Exchange announced.

Anh is currently holding nearly 20 million shares in MSN, equivalent to a 3.84 per cent stake in the company. By the end of last year, he had sold 2 million MSN shares and ranked as the fifth richest man on Viet Nam's stock exchange with the holdings worth over VND2.3 trillion ($109.5 million).

MSN dropped to the floor price of VND118,000 ($5.62) a share yesterday. — VNS

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