VOF Investment Limited is no longer a large shareholder of Eximbank (EIB) after it unloaded 60,000 shares of the bank, the HCM City Stock Exchange announced on November 28. The VinaCapital-managed fund's holdings in the bank fell from about 61.528 million shares to about 61.468 million shares, or from five per cent to 4.99 per cent, on November 26. This means that the fund no longer has to report information related to EIB share transactions.
VinaCapital is among the leading foreign investment management and real estate development companies in Viet Nam, managing a $1.5-billion asset portfolio. It covers capital markets, private equity and fixed income, as well as venture capital, property and infrastructure.
According to Infonet online, Eximbank earned VND945 billion (US$45 million) in pre-tax profits in the first nine months of this year, down 18.2 per cent over the same period last year. The nine-month after-tax profits reached VND734 billion ($34.95 million), a year-on-year decline of 16.5 per cent.
The bank's shares closed flat at VND11,200, or $0.53, per share on the HCM City Exchange on Friday.