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MEF II sells 2.5m Mobile World shares

Mekong Enterprise Fund II, or MEF II, announced the successful sale of  二. 五 million shares of Mobile World (MWG) on July  九. — Photo baodauthau.vn

HÀ NỘI — Mekong Enterprise Fund II, or MEF II, announced the successful sale of  二. 五 million shares of Mobile World (MWG) on July  九.

After the sale, MEF II’s ownership of MWG fell from  一0. 九 四 to  九. 二 四 per cent, equal to  一 三. 五 四 million shares in the technology firm.

The fund also became the largest shareholder of MWG after World Retail Investment Consulting Limited Company with its  一 三. 一 八 per cent of shares.

According to statistics from the HCM Stock Exchange on July  八, the entire  二. 五 五 million shares of MWG, worth VNĐ 三 四 四. 四 billion (US$ 一 五. 三 million), were traded when the shares ended at VNĐ 一 三0,000 each. So, at the lowest intraday trading price of VNĐ 一 二 九,000 during the day, MEF II could earn at least VNĐ 三 二 二. 五 billion.

In the first six months of this year, MWG shares soared  六 四. 五 per cent from VNĐ 七 九,000 toVNĐ 一 三0,000.

The MEF II fund, managed by Mekong Capital, was one of the earliest institutions to invest in MWG since  二00 七. It was once the largest shareholder, with ownership of over  三0 per cent. — VNS