Positive news about the resumption of aviation and tourism services have helped tourism stocks to surge, with many even hitting celling prices continuously.
Investment funds withdraw massive capital over COVID-19 resurgence 16:24 | 23/02/2021
Investment fund Seedcom divested three fashion store chains
The Vietnamese market a few days ago was rocked by news that local investment fund Seedcom divested a series of fashion store chains such as Eva de Eva, Juno, and Hnoss. The move took place as the health crisis has interrupted the economy again.
To Thi Dung, founder of Eva de Eva said that Seedcom had been focusing on e-commerce and raising the number of points of sale. However, since last year, the plan was interrupted by the pandemic.
Under the COVID-19 lockdown, people have been spending more time at home, resulting in less demand for clothing and fashion items. Indeed, fashion chains have been experienced losses for years now. Coupled with the difficulties from last year, it is understandable why the fund is making an exit.
Foreign investors divest Ninh Van Bay due to bleak performance 10:11 | 19/02/2021
Foreign investors are backing out of Ninh Van Bay due to its poor performance
Notably, Recapital Investments Pte., Ltd. issued an announcement to sell 10.7 million shares at Ninh Van Bay Travel Real Estate to decrease its ownership from 11.9 per cent to zero. Recapital Investments is an investment fund owned by Rosan P. Roeslani, the former president of Inter Milan football club.
Besides, Belton Investments Ltd. has also registered to sell its entire 6.4 million shares, equaling 7.07 per cent of the stake, in this company. The sale is expected to be completed between February 5 and March 1.