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.
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.
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.
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.
State Capital Investment Corporation (SCIC) is the second investor to withdraw their capital from the project of the tallest broadcasting tower in the world.
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.
Investors are fleeing from BOT (build-operate-transfer) projects in the transport sector after encountering many difficulties.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
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