Companies ‘strategic’ share sales raise eyebrowsLast month Halcom Viet Nam announced a list of investors who it said are set to buy its shares this year. The 16 investors will buy a total of 24.5 million shares at a price of VNĐ10,000 each, acquiring between 50,000 and 10 million shares each. Intriguingly, many of them including HID, have sold their stakes to strategic partners at several times higher than the market price. Often, the strategic sale pushes up the sales and the price of the company’s shares on the market. Market value is calculated by multiplying a company’s shares outstanding by its current market price.

Source: VietNamNet News May 21, 2018 02:03 UTC