The Prime Minister Nguyen Xuan Phuc has just inked the Government’s Resolution No. 09/NQ-CP dated February 02, 2018 on the establishment of a Commission for the State capital management in enterprises.
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).
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 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.
State Capital Investment Corporation (SCIC) is the second investor to withdraw their capital from the project of the tallest broadcasting tower in the world.
