Five local enterprises have striven to the Asia300 Power Performers, with three have got to the top 100.
Both F&N Dairy Investments Pte., Ltd. and Platinum Victory Pte., Ltd. have failed once again to purchase the Vinamilk shares they had registered for, citing unfavourable market conditions as the reason.
The country's biggest milk production company has invested $50 million to develop the dairy farm.
Vinamilk's existing business segments including powdered milk and yogurt, are facing fierce competition from both foreign and domestic milk producers under the context of market saturation.
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.
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.
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.
The Top 10 largest companies on stock exchange include familiar giants such as Vinamilk, Sabeco, Vingroup and Vietcombank. Food & beverage and banking are the areas contributing the most names to the list with three companies in each sector.
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Dairy giant targets having 200,000 heads by 2020, up from 160,000 this year.
While Vinamilk has made it onto the list for the first time, the three banks have leapt from last year's rankings.
Nike and Adidas are willing to pay 10-17 percent of their profits for their marketing campaigns. Will Vietnamese businesses do the same?
