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Capital divestment

Phuong Nam to divest from Korean cinema chain CGV

Under pressure to pay a $7-million debt and an $812,115 interest, Phuong Nam Culture JSC or PNC has to sell more than half of its shares held in CJ CGV Vietnam Co., Ltd.

Singaporean fund suffered big loss before withdrawing from Vinasun

The Singapore-based GIC Pte Ltd has suffered a loss of VND120 billion or $5.27 million, equivalent to 60 per cent of value on its four-year investment in the taxi firm Vinasun.

Techcombank expects to gain huge profit from the divestment in TechcomFinance to Korea-based Lotte Card

The divestment in TechcomFinance is expected to help the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) record an extraordinary profit of more than VND1.1 trillion (US$48.4 million) in the first and second quarter of this year.

Vietcombank gains US$14.6 million from sale of 7.6 million shares of Vietnam Airlines

Vietcombank (stock code: VCB), the largest commercial bank in Vietnam by market capitalization, has earned VND334 billion (US$14.6 million) after selling 7.6 million shares in Vietnam Airlines (stock code: HVN).

Government expects to gain over US$1.2 million from VTRI’s IPO

the Government of Vietnam has decided to divest more than 2.26 million shares in Vietnam Textile and Garment Institute (VTRI) in the initial public offering (IPO) on this March 12.

Vietnam raises US$308 million from PV Power's IPO

The Government of Vietnam has raised US$308 million (VND6.996 trillion) after selling 20 per cent of PetroVietnam Power (PV Power) in an initial public offering (IPO) on the Hanoi Stock Exchange on January 31.

Sabeco’s shares are announced to have offer price at US$14.1 each as its auction session looms

The Ministry of Industry and Trade (MoIT) has announced the offer price of Saigon Beer - Alcohol - Beverage Corporation (Sabeco)’s shares at VND320,000 (US$14.1) each for the auction on December 18, which was Sabeco’s closing price on November 28, 217.

SCIC reveals Vinamilk’s shares at US$6.7 each

The State Capital Investment Corporation (SCIC) has announced the price of 3.33 per cent of Vietnam Dairy Product JSC (Vinamilk)’s stakes, equaling 48.4 million shares at VND150,000 (equivalent to US$6.7) each in its second divestment session.

Capital divestment at Vietnam's top brewers Sabeco and Habeco undergoes pressure

In case of slow capital divestment at the Sabeco and Habeco, which are the State's largest brewers, the State Capital Investment Corporation (SCIC) is likely to hold the acting ownership of the two breweries.

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