Vietnam Enterprise investment manager changed after reshuffle
Thu, 1st Apr 2021 10:34
(Alliance News) - Vietnam Enterprise Investments Ltd said Thursday its investment management duties are being transferred to Dragon Capital Management Ltd from Enterprise Investment Management Ltd.
Both companies are part of the Dragon Capital Group, and the terms of appointment, including the fees to be charged by the new investment manager will be unchanged.
Vietnam Enterprise noted the transfer followed an internal re-organisation of Dragon Capital Group.
The Dragon Capital Group has been involved in managing investment funds focused on Vietnam and the Indochina region since 1994, Vietnam Enterprise noted.
Shares in Vietnam Enterprise were 2.2% higher in London on Thursday at 610.85 pence each.
Welcome to Morningstar.co.uk!
You have been redirected here from Hemscott.com as we are merging our websites to provide you with a one-stop shop for all your investment research needs.
Get Started: To search for a security, type the name or ticker in the search box at the top of the page and select from the dropdown results.
Registered Hemscott users can log in to Morningstar using the same login details. Similarly, if you are a Hemscott Premium user, you now have a Morningstar Premium account which you can access using the same login details.
Number of foreign funds simultaneously sell down Hoa Phat Group interest 12:15 | 20/02/2021
Major funds including Norges Bank, Vietnam Enterprise Investments Ltd., PENM III German GmbH & Co. KG are selling down their shareholdings in Hoa Phat Group.
Norges Bank has just sold nearly 7.2 million Hoa Phat Group shares (HSX: HPG), reducing its ownership from 43.76 million to 36.56 million shares.
In addition, another notable fund â Vietnam Enterprise Investments Ltd. â also sold 100,000 shares, cutting its ownership from 59.61 million to 59.51 million shares.
At the same time, the group of 14 funds related to these two funds also reduced their ownership in Hoa Phat Group from 202.37 million (equivalent to 6.108 per cent) to more than 195 million shares (equivalent to 5.8879 per cent).