SCIC withdraws capital from Dabaco
The State Capital Investment Corporation (SCIC) has decided to divest
all of its capital in the Dabaco Group (DBC) with the aim of
structuring its investment list.
The State Capital Investment Corporation (SCIC) has decided to divest
all of its capital in the Dabaco Group (DBC) with the aim of
structuring its investment list.
According to the Hanoi Stock Exchange, SCIC registered to sell all 6 million DBC shares it owned, equivalent to 9.56 percent of the group’s total shares. With the market price of 28,900 VND per share, SCIC’s DBC stocks are valued at over 173 billion VND.
Transactions are scheduled to be implemented from October 17 to November 14.
A financial report recently released by Dabaco’s parent company shows that the company earned 43 billion VND in net profits in the third quarter of 2014, down 22 percent against the same period last year. In the first nine months of this year, the company’s net profits reached 95.4 billion VND, 3 billion VND lower than that of the same period a year earlier.
Established in 1996 as a State-owned enterprise, Dabaco underwent privatization in 2005. Since then, the group has operated in numerous fields, with the focus on animal feed, poultry and castle breeding and food processing.
In addition, Dabaco has also invested in building industrial and urban zone facilities, infrastructure and real estate.
It is one of the first names present in the animal feed market in Vietnam and one of the ten biggest enterprises specialised in producing animal feed nationwide.-VNA
According to the Hanoi Stock Exchange, SCIC registered to sell all 6 million DBC shares it owned, equivalent to 9.56 percent of the group’s total shares. With the market price of 28,900 VND per share, SCIC’s DBC stocks are valued at over 173 billion VND.
Transactions are scheduled to be implemented from October 17 to November 14.
A financial report recently released by Dabaco’s parent company shows that the company earned 43 billion VND in net profits in the third quarter of 2014, down 22 percent against the same period last year. In the first nine months of this year, the company’s net profits reached 95.4 billion VND, 3 billion VND lower than that of the same period a year earlier.
Established in 1996 as a State-owned enterprise, Dabaco underwent privatization in 2005. Since then, the group has operated in numerous fields, with the focus on animal feed, poultry and castle breeding and food processing.
In addition, Dabaco has also invested in building industrial and urban zone facilities, infrastructure and real estate.
It is one of the first names present in the animal feed market in Vietnam and one of the ten biggest enterprises specialised in producing animal feed nationwide.-VNA
You should also see
PM asks for prompt actions to fix consequences of serious workplace accident in Yen Bai
Prime Minister Pham Minh Chinh on April 22 signed a dispatch asking for prompt actions to fix the consequences of a serious workplace accident that happened in a cement factory in the northern province of Yen Bai the same day, as well as measures to support victims.
See more
Business
An Giang bosters border economy
The Mekong Delta province of An Giang, billed as an economic centre that links Ho Chi Minh city, Can Tho city and Cambodia’s Phnom Penh, has paid due attention to developing border trade and logistics infrastructure so as to tap its border economic potential.
Business
Corporate bond maturity in 2024 remains high: MoF
The volume of corporate bonds maturing in 2024, though lower than that in 2023, is till at a high level, mostly in industries with payment risks such as real estate and renewable energy, according to a report by the Ministry of Finance (MoF).
Business
Government’s action programme cracks down on illegal fishing
A raft of measures to deal with illegal, unreported and unregulated (IUU) fishing is included in the Government’s freshly issued action programme as the country is striving to clamp down on illegal fishing, or else it will be hit by the European Commission (EC)’s warning card.
Business
Vietnam - an enticing destination for foreign investors: IMF expert
Vietnam is an attractive destination for foreign investors thanks to its high, stable growth, large domestic market and young, well-educated human resources, said Paulo Medas, head of the International Monetary Fund (IMF) team to Vietnam at the Annual Meetings of the IMF and the World Bank Group (WB) held recently in the US.
Business
More efforts needed to maintain export growth to China: Insiders
Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.
