Vincom employees net $198m from block sale

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By John Loh, Jonathan Breen
08 Feb 2018

A group of employees from Vincom Retail have raised Dong 4.51tr ($197.5m) after they sold a block of the company’s shares, upsizing the offer on the back of strong institutional demand.

The vendors came out after markets closed on Monday. They were looking to sell 59.5m shares, equal to 3.1% of Vincom’s equity capital, at Dong 47,750-Dong 49,500 apiece. The range gave the block a potential size of ...

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