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VietNamNews

Thai investor buys Vinamilk shares

Update: August, 23/2014 - 09:45

HA NOI (VNS)  — Thailand's F&N Dairy Investment reportedly bought 15 million shares of Vinamilk (VNM) at a price higher than the Vietnamese company's actual market value.

Investors linked to Dragon Capital and a fund managed by VinaCapital reportedly sold a combined volume of 15 million shares to the Thai shareholder.

Notably, VinaCapital announced the purchase price at more than VND122,000 (US$5.7), which was 9.7 per cent higher than VNM's value at the time of the transaction. VNM concluded yesterday unchanged at VND113,000 ($5.3).— VNS


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