Friday, October 23 2020


Foreign investor puts ACB shares up for sale

Update: October, 08/2020 - 06:43


An office of Asia Commercial Joint Stock Bank (HNX: ACB). — Photo

HÀ NỘI — First Burns Investments Limited has offered 33 million shares of Asian Commercial Bank (ACB) for sale.

The deal is scheduled for one month from October 9 to November 6 and shares will be sold through either order-matching or put-through transactions.

ACB shares, listed on the Hà Nội Stock Exchange as ACB, fell 2.5 per cent to end Wednesday at VNĐ23,400 (US$1.01) apiece.

ACB shares have gained a total of nearly 40 per cent since July 27.

First Burns Investments Limited now owns more than 86.4 million shares at the Hà Nội-based lender, equal to 4 per cent of total outstanding shares.

The investment firm has received nearly 20 million shares when ACB issued bonus shares in late August.

The foreign investor first bought 74.6 million ACB shares on October 17, 2017, for VNĐ32,700 apiece.

The investment fund has since increased its ownership by receiving bonus shares in August 2018, July 2019 and August this year. — VNS

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