Japan fund ups stake in medical instrument maker

Japan-Viet Nam Medical Instrument Co (JVC) has sold 8 million shares to DI Asian Industrial Fund. Added to 2 million shares acquired from JVC President Le Van Huong, the fund currently holds 10 million shares, or a 31-per-cent stake, in the company.

The selling price was not revealed, but JVC shares yesterday closed up 1.7 per cent to VND18,300 per share.

Following the present acquisition, the company will increase its charter capital from VND242 billion (US$11.5 million) to VND322 billion ($15.3 million).

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