Vinaconex sells 8M shares of cement producer

Vietnam Construction and Import-Export JS Corporation or Vinaconex (VCG) sold eight million shares of Yen Binh Cement JSC on July 26.

The decision was made because VCG is restructuring its holdings in Yen Binh firm, local financial website Cafef reported.

As a result, VCG cut its holding in the cement producer to 26 per cent equal to 6.66 million shares from earlier 57.25 per cent. (Source: Vietnam News Brief Service)