VPH finishes selling treasury shares

VNStockNews.com - Van Phat Hung Joint Stock Co (coded VPH) reported the results of selling the stock funds of 247,820 shares that have been registered for sales previously.

This movement was explained to increase the share liquidity on the stock markets as well as to restructure VPH's capital sources.

The applied method were via matching orders and negotiations with the daily volume of treasury shares being traded of 3 percent at minimum and 10 percent at maximum of the total volume registered to be offered
The transaction lasted from October 13, 2009 to January 4, 2010.

After January 6 trading session, VPH-coded shares rose to ceiling price of 63,500 dong per share.