DLG, API, SDE, HPG announce shareholder transactions

Duc Long Gia Lai Group Joint Stock Company (DLG), Asia-Pacific Investment Joint Stock Company (API), Song Da Electrical Engineering JSC (SDE) and Hoa Phat Group Joint Stock Company (HPG) announced transactions of its shareholders as follows:

DLG announced that it will transfer more than 4.3 million shares of Duc Long Gia Lai Hydropower JSC to two shareholders, namely Bui Phap, Chairman of DLG, and Nguyen Van Quy, to reduce its ownership ratio from 94.8 percent to 7.1 percent, or 350,350 shares. After the transfer, Duc Long Gia Lai Hydropower JSC will no longer be a subsidiary of DLG.

API announced that Mrs. Nguyen Thi Bon, mother of Huynh Thi Mai Dung, a member of Board of Directors, registered to buy 1 million shares until January 17, 2014 to increase her holdings to 1.01 million shares.

Earlier, Nguyen Duy Khanh, a member of the Board of Directors, also registered to buy 500,000 shares until January 24, 2014 to raise his ownership to 1 million shares, or 1.89 percent stake.

SDE announced that Song Da No.11 JSC (SJE) registered to sell all 632,500 shares, or 36.12 percent stake in SDE, until December 31, 2013 to divest. On March 28, 2014, the company will pay dividends for 2011 and 2012 at a total ratio of 11 percent.

HPG announced that VOF Investment Ltd registered to buy 1 million shares to increase its ownership ratio to 4.89 percent stake, or 20.48 million shares; Vietnam Infrastructure Holding Ltd registered to buy 500,000 shares to raise its holdings to 2.31 million shares, or 0.55 percent stake. Both transactions will be carried out within a month from December 25.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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