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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.

Vinamilk achieved a profit of US$375 million after 9 months

The target of Vinamilk in 2017 is VND51 trillion (more than US$2.2 billion) in revenue and VND9.7 trillion (US$426 million) in after tax profit.

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.

Vietnam to sell 3.3 per cent stakes at Vinamilk with US$6.86 per share

The market price of Vinamilk’s share (VNM), Vietnam’s the largest dairy enterprise, was VND152,600 (roughly US$6.8) per share at the end of September 05.

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.

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.

Vietnamese businesses capable of listing on leading stock markets

The requirements set by the world’s leading stock markets can be met by many Vietnamese businesses, experts say.

Why have big firms still not listed their shares on foreign bourses?

Both Vietjet and VNG have said they want to be the first Vietnamese enterprises to list shares on foreign bourses. Other firms have tried to do so in the past.

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