Mekong Capital to divest Loc TroiShareholders of Loc Troi Group Joint Stock Company (Loc Troi) are raising concerns about the divestment of foreign shareholder Mekong Capital after the firm's listing on the Unlisted Public Company Market (UPCoM). Loc Troi has the chartered capital of VND672 billion ($29.6 million) and mainly specialises in three fields, plant protection, seedling supply, and food processing. Mekong Capital withdrawsRecently, Loc Troi is not only in the centre of attention for its listing on UPCoM, but for the scheduled divestment of Mekong Capital, a big foreign shareholder since 2008. In particular, Vietnam Azalea Fund managed by Mekong Capital, will withdraw its capital from Loc Troi after it is listed on UPCoM. There are some speculations about why Vietnam Azalea Fund will quickly divest from many enterprises, including Loc Troi, after they are listed.

Source: VietNamNet News July 24, 2017 04:18 UTC