MEF II sells 1million MWG shares

Mobile World Investment Corp (MWG), a major mobile phone distributor in Vietnam, announced the Mekong Enterprise Fund II (MEF II) has registered to sell 1 million shares from now till November 3, aiming to reduce its ownership from MWG chartered capital from 2.6 percent down 2.28 percent, equal to 7million shares.

Photo: VNS

Photo: VNS

Earlier, MEF II had sold out 3 million of MWG shares for foreign investment funds.

MWG said for the first eight months this year, it opened more 414 stores and its revenue reached VND 42,3trillion and after-tax profit was VND 1,5trillion, an increase of 56 percent and 30 percent over the same period of last year.

DT-Translated by T.Tran

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