VCSC Daily - Stocks slightly lower to end worst week of the year - FPT, PLX, KDC, NVL
FPT: Completed the first 30% stake sell-down in FPT Retail. BUY. FPT announced that the company has successfully sold a 30% stake, equivalent to six million shares, in FPT Retail to two institutional investors, namely Dragon Capital and VinaCapital. This is part of FPT’s sell-down of a 40% stake in total in FPT Retail, thereby reducing its effective ownership in FPT Retail from 85% to 45%. The remaining 10% stake is expected to be sold via securities companies before YE2017.