GIC

GIC (HNX: GIC), a subsidiary of VSC (HOSE: VSC), placed nearly 2.8 million leftover shares from a rights issue to three individual investors at VND 10,000 per share, raising VND 28 billion. The proceeds will fund working capital and facility expansion. The shares are subject to a one-year lock-up.

Foreign investors net sold VND 1,278 billion on April 29, with VIC the most sold at VND 402 billion, while VRE was the top buy at VND 139 billion. The sell-off coincided with ETF rebalancing of VNDiamond, VN30, and VNFinlead indices. VIC's price had risen 6.95% the prior week, suggesting profit-taking by foreign funds.