Vingroup’s VIC shares surged 4.6% to 71,000 VND/share, reaching a 20-month high as SK Group announced classifying its investment in this stock as assets held for sale amid its portfolio restructuring. SK sold nearly 51 million VIC shares, reducing its ownership to 4.72%, and is no longer considered a major shareholder. However, this did not hinder VIC’s growth, suggesting that SK likely found another investor for its shares. Vingroup’s market capitalization has exceeded 271 trillion VND, making it one of the highest valued corporations on the Vietnamese stock exchange. Vingroup plans to hold its annual general meeting on April 24, targeting approximately 300 trillion VND in revenue and 10 trillion VND in net profit for 2025, driven by strong growth in real estate and electric vehicle sectors.
Leave a Reply