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Wednesday, 23 May 2012
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Home Stocks & Market Stocks & Securities Two companies register for purchasing fund shares

Two companies register for purchasing fund shares

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Two enterprises-PetroVietnam Premier Recreation Joint Stock Co (coded PVR) and Tan Binh Investment and Import-Export Services Joint Stock Co (Tanimex)-have recently registered for purchasing fund shares. Accordingly, PVR has registered for buying in 755,800 fund shares within the period of December 16, 2011 and February 15, 2012 while Tanimex's management board has lately approved for purchasing 2.4 million shares as fund shares. The two companies admitted the purpose of purchasing fund shares was to stabilise the share price in the stock market. Both firms would use the capital surplus and unallocated profit for conducting the transactions. PVR announced to keep 744,200 fund shares before the transactions.

Source: www.intellasia.net/news/articles/stock_market/111350931.shtml


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