TTF drops most in six months on Aureos stake cut

Truong Thanh Furniture Joint Stock Group, a maker of furniture for Tesco Plc, Lidl, and Carrefour SA, fell the most in more than six months after Aureos Capital Ltd. reduced its stake.

The shares dropped for a fourth day, sliding by the daily maximum limit of 5 percent, the most since December 2, to a nearly two-week low of VND23,000 ($1.3) on the HCMC stock exchange.

Mauritius-based Aureos Capital’s Southeast Asian Fund sold 362,400 shares to reduce its holding to 1.1 million shares, or 5.4 percent, Truong Thanh, based in southern province of Binh Duong, said in a statement on the exchange’s website.

thanhnien, Bloomberg

>   VTO: Opening branch in Nha Trang (19/06/2009)

>   PVF: Trading Result (Ms. Tong Thi Phuong Hanh) (19/06/2009)

>   CNT: Supplementing purposes of using the shareholder list (19/06/2009)

>   STB: Release restriction of share transference (19/06/2009)

>   TS4: Transaction of inside shareholder (19/06/2009)

>   GMD: Transaction of inside shareholder (19/06/2009)

>   VFMVF4: Trading Result of Major Shareholder (19/06/2009)

>   LBM: Transaction of inside shareholder (19/06/2009)

>   HDC: The record date for a ballot (19/06/2009)

>   DDM: Approval for additional listing (19/06/2009)