Vietnam Property Holding exits Century 21 over delisting dispute

Visual from Century 21 website

Vietnam Property Holding (VPH), the real estate fund of Saigon Asset Management Company, has registered to sell its entire holding of 2.2 million shares in Vietnam-based realty firm Century 21 JSC, following disputes over the de-listing plan of the company, according to the Ho Chi Minh City Stock Exchange.

The shares that represent a 12 per cent stake in the company, will be sold within a month, beginning June 24. Louis Nguyen from VPH is currently sitting on Century 21’s managing board.

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