Credit Suisse releases 260,000 HDC coded shares

Ba Ria-Vung Tau Housing Development Joint Stock Co (coded HDC) announced its foreign shareholder Credit Suisse (Hong Kong) Ltd sold 260,000 HDC coded shares on September 25, 2008.

After the transaction, Credit Suisse Hong Kong Ltd's size in the local firm declined from 8.61% (700,000 shares) to 5.41% (440,000 shares).

In Jan-June, HDC posted 177.468 billion dong in net revenue, 19.917 billion dong in after-tax profit, and EPS of over 2,450 dong.

This year, the company targets 445 billion dong of output value, 570 billion dong of investment value, 406 billion dong revenue, 52.7 billion dong in pre-tax profit and a dividend of 19%.

Ending the session September 30, 540 HDC coded shares were changed hands at 33,400 dong per share, falling 1,700 dong from the previous session.