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Jardine Cycle & Carriage spent US$400 million on purchasing 36 million additional shares of Vinamilk

A Singapore-listed Jardine Cycle and Carriage Ltd (JC&C) has bought 36 million additional shares of Viet Nam Dairy Products JSC (Vinamilk), increasing its total investment into Vinamilk to more than US$1 billion, it said in a statement on Thursday.

MBI Project Director: Vietnam is one of the most attractive destinations for foreign investment in smart cities

With the population of 90 million people who are swiftly adopting the new technologies and the rapid economic growth, Vietnam has many potentials to develop its smart cities, according to Roger Thomas Moyes, Project Director of the Mekong Business Initiative (MBI).

Innovative urban solutions for development of smart cities

Up to three winners of the Smart City Innovation Challenge (SCIC) were cash prized and will be fast-tracked to the cities’ acceleration programs to help localize their solutions, thereafter securing projects if agreed milestones are met.

A foreign investor acquired Vinamilk’ shares at US$8.19 each, paying nearly US$400 million for deal

A foreign investor spent nearly VND9 trillion (roughly US$396.2 million) acquiring the entire 3.33 per cent of Vietnam Dairy Product JSC (Vinamilk)’s stakes, equaling 48.4 million shares from State Capital Investment Corporation (SCIC).

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.

SCIC to sell Vinamilk’s stakes attaining around US$300 million on November 10

With an average price from VND134,500 to VND145,000 (roughly US$5.93 to US$6.39) per share, the State Capital Investment Corporation (SCIC) will earn VND6,500-7,000 billion (approximately US$286,6 to US$308,65 million), according to SCIC.

Divestment of state-owned enterprises collected nearly US$704 miilion

In the first nine months of 2017, the State Capital and Investment Corporation (SCIC)'s divestment from Vinamilk (Vietnam Dairy Products Joint Stock Company) is the largest contributor to the State receivable accounts in this sector.

SCIC divests its 48.33 million of shares at Vinamilk worth US$307 million

In a press conference held on August 04, the State Capital Investment Corporation (SCIC) announced its plan to sell 48.33 million of shares, equivalent to 3.33 per cent of charter capital at Vinamilk Joint-Stock Company (Vinamilk) in next October.

Following VTV, SCIC abandons the dream of the world’s tallest broadcasting tower

State Capital Investment Corporation (SCIC) is the second investor to withdraw their capital from the project of the tallest broadcasting tower in the world.

MoF to publish names of errant privatised SOEs

The Ministry of Finance said the names of State-owned enterprises (SOEs) which had been privatised but failed to list on exchanges as per regulations would be published on the Government’s e-portal.