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Photo courtesy of Yonhap News |
[Alpha Biz= Kim Jisun] HANOI/SEOUL, July 4 — A foreign investor offloaded 90 million shares of Vietnam's Vingroup via a block deal just before market close on Thursday, in one of the largest foreign equity sales in Vietnam so far this year.
The total transaction value reached approximately VND 9.82 trillion (USD 377 million / KRW 519.4 billion), with an average share price of VND 109,096 (approx. KRW 5,782) per share.
While the identity of the full seller remains undisclosed, SK Group, which has been known as a major shareholder in Vingroup since its USD 1 billion investment in 2019, is widely believed to have participated significantly in the sale. The exact number of shares SK sold has not been confirmed, leaving open the possibility that it may have been a partial rather than full divestment. However, market participants generally view SK as the primary seller in the transaction.
Since its strategic investment, SK has collaborated with multiple Vingroup subsidiaries. The latest share sale appears to be part of SK Group’s portfolio liquidity strategy.
In response to the transaction, a Vingroup spokesperson stated, “SK plans to maintain its strategic partnership with Vingroup even after this sale. We are continuing to explore joint opportunities, particularly in the Vietnamese renewable energy sector.”
Following the block deal, Vingroup’s share price surged to the daily limit of VND 111,200, up 6.92%, contributing approximately 6.5 points to the VN-Index. Vingroup was the largest contributor to the index’s rise on the day, with a trading volume of 3.88 million shares.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
