Business

SCIC to divest 3.33 percent stake in Vinamilk

The State Capital Investment Corporation (SCIC) will sell 48.33 million shares or 3.33 percent of its stake in the Vietnam Dairy Products JSC (Vinamilk) in October, SCIC Chairman Nguyen Duc Chi said.
 
SCIC to divest 3.33 percent stake in Vinamilk ảnh 1Investors at Vietcombank stock exchange (Source: VNA)


Hanoi (VNA) – The State CapitalInvestment Corporation (SCIC) will sell 48.33 million shares or 3.33 percent ofits stake in the Vietnam Dairy Products JSC (Vinamilk) in October, SCICChairman Nguyen Duc Chi said.

Speaking at a press conference held in Hanoi onAugust 4 on the corporation’s divestment plans, Chi said this is part of the3.6 percent of the charter capital remaining from the offering in late 2016when it planned to sell 9 percent of stake.

With 3.33 percent of the stake to be sold thistime, the State will hold 36 percent of shares in Vinamilk.

Details of the offering will be published assoon as possible, Chi said, adding that SCIC will cooperate with Vinamilk to introduceinvestment opportunities for domestic and foreign investors.-VNA

VNA
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