Sunday, April 20, 2008
Viet Nam Petroleum Transport said Petrolimex Insurance, one of its major shareholders, bought only 25,730 of the 500,000 shares it had registered to buy.
The transport and ship repair company, known as Vipco, said Petrolimex Insurance had bought about 5% of what it had promised because the volume of Vipco shares being traded was too low during the March 6 to April 6 buying window.
The insurer’s share purchases raised its stake in Vipco to 5.79% from 5.74%, Vipco announced through the Ho Chi Minh Stock Exchange’s website.
The UK-based Amersham Industries Limited, another major Vipco shareholder with a 10.88% stake, canceled the sale of 3,524,000 Vipco shares, according to a report on the exchange’s website on April 16.
Vipco shares gained VND500, or 1.72%, to close at VND29,500 on Friday.
