Source: VietNamNet Bridge

VinaCapital's infrastructure investment fund has announced its first investment through the acquisition of a 3.8% stake in HCMC-based Tan Tao Industrial Park Corporation, or Itaco, which is trading shares on the HCMC Securities Trading Center.

The fund has purchased 2.5mil shares of Itaco for a total of US$14.06mil, or VND90,000 per share, 27% lower than the market price on July 5. The share price of the VND600-bil firm on Monday decreased VND1,000 to VND127,000 per share. Itaco's foreign ownership was 20.8% last Friday.

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Posted by pichu at July 11, 2007 2:28 PM