Tuesday, August 14, 2007

Foreign investors reduce stakes in two companies

Deutsche Bank has announced the sale of 19,560 shares in the Ho Chi Minh City Infrastructure Investment Joint Stock Co, reducing its stake from 5.04 percent to 4.97 percent.

The bank continues to hold nearly 1.5 million shares in the company.

The Cable and Telecommunications Materials Co (SAM) also announced that Wareham Group Ltd’s stake in the company had been reduced from 12.68 percent to 10.51 percent.

Amersham Industries Ltd also now holds 4.2 million shares in SAM, a 7.8 percent stake, 1.66 percent lower than before.

Source: VNA

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