Closed-end fund cut holdings in oil company

Friday, May 16, 2008
Oil and steel trader Thu Duc Trading and Import Export Joint Stock Company informed the exchange closed-end fund VF1 reduced its holding to 3.11% from 5.21% by selling 74,710 shares.
Shares of Thu Duc fell for the seventh straight session to finish 1.6 percent lower at VND24,100.
VF1 shares posted their ninth consecutive fall to close at VND12,300, down 1.6 percent for the day