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Thursday,  Jan 18, 2018,13:16 (GMT+7)
Mekong Enterprise Fund II divests entire stake from MWG
Minh Chi
Monday,  Jan 8, 2018,20:35 (GMT+7)
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Mekong Enterprise Fund II divests entire stake from MWG

Minh Chi

HCMC - Mekong Enterprise Fund II has plans to sell five million shares equivalent to a 1.58% stake at Mobile World Investment Group (MWG), better known as The Gioi Di Dong, to completely divest from the country’s leading electronics retailer.

Transactions will be made between January 9 and February 7, 2018 through the Vietnam Securities Depository (VSD).

As of late January 4, MWG shares were sold at VND134,900 (US$5.94) each.

At the same time, MWG has been allowed by the State Securities Commission to issue shares. It has plans to issue 6.7 million shares at VND90,000-110,000 each.

The proceeds from MWG’s share sale are estimated at VND603-737 billion, which would be used for mergers and acquisitions (M&A) deals in the coming time.

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