POM, SPM, FLC, MCG announce shareholder transactions

Pomina Steel Corporation (POM), SPM Joint Stock Company (SPM), FLC Group JSC (FLC), and Vietnam Mechanization Electrification & Construction JSC (MCG) announced transactions of their shareholders as follows:

Thep Viet Company registered to buy 5.65 million shares of POM until January 3, 2014 to increase its holdings to 122.02 million shares. This is the amount of shares that the company failed to buy in November out of 5.7 million shares registered.

Dao Huu Hoang, Chairman of SPM, registered to buy 1.1 million shares of SPM until December 30 to raise his ownership ratio to 38.93 percent, or 5.45 million shares. In November, he was unsuccessful in buying the same amount of shares as he failed to negotiate with seller.

Trinh Van Quyet, Chairman of FLC, registered to buy 6 million shares from December 6 to January 5, 2014. Once the transaction is successful, he will hold 11.5 million shares, or 14.9 percent stake.

Long Giang Urban Investment and Development JSC registered to sell 1 million shares of MCG until January 2, 2014, reducing its holdings to 2.25 million shares, or 3.91 percent stake.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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