VNI completes sale of Vina-CPK stake

Vietnam Infrastructure has completed its divestment in the Vina-CPK Limited Company. The company is located in Vinh Phuc, Vietnam, and operates industrial park and infrastructure projects with an investment licence of up to 49 years which was acquired by VNI in 2009.

VNI received the final 20% of sale proceeds of US$4.4million at today's exchange rate on 22 November 2016 to officially dispose of its entire stake to Phuc Hung Import Export Company Limited.

Vina-CPK was sold at a sale price of US$22.1million, with 80% of the proceeds previously received on 13 June 2016. The proceeds of the transaction will be used to make capital distributions to shareholders.

At 2:35pm: (LON:VNI) Vietnam Inf. share price was 0p at 0.22p