Gelex sold more than 9.7 million shares of Hai An Transport and Stevedoring (HAH) on September 23, reducing its stake from 5.16% to zero, according to VnExpress. A purchase on August 21 had earlier taken Gelex above the threshold for a major shareholder in Hai An.
At HAH’s September 23 closing price of VND 48,950 a share, the block would be worth nearly VND 480 billion. That is an estimate based on the market close, not confirmed sale proceeds. The report gives no reason for the divestment.