Vietnam Infrastructure receives final $4.4m of Vina-CPK disposal

22nd Nov 2016 13:20

(ShareCast News) - Investment company Vietnam Infrastructure, has received the final payment of its disposal of Vina-CPK, an operator of an industrial park and infrastructure projects, to Phuc Hung Import Export Company.The AIM-listed company received the final 20% of the proceeds from Phuc Hung worth $4.4m, at current exchange rates, on Tuesday, and will redistribute the funds to shareholders.Vina-CPK was sold for $22.1m, with 80% of the proceeds received on 13 June.The company had bought Vina-CPK, which has projects with an investment licence of up to 49 years, in 2009.Tony Hsun, managing director at Vietnam Infrastructure, said: "With the completion of this transaction, we are on track to complete our divestment strategy as planned by the end of June 2017."Shares in Vietnam Infrastructure were down 10.11% to 0.2p at 1029 GMT.