The Ministry of Construction hands over more than 36.64 million State-owned stakes at LICOGI to the SCIC on December 26 (Photo: baoxaydung.com.vn)

Hanoi (VNA) – Over 40 percent of the charter capital of the Infrastructure Development and Construction Corporation (LICOGI) was transferred from the Ministry of Construction to the State Capital Investment Corporation (SCIC) on December 26.

The 40.71 percent of the charter capital represents more than 36.64 million State-owned shares at LICOGI.

LICOGI is in the list of businesses invested with State capital subject to divestment and transfer between 2017 and 2020.

Deputy Minister of Construction Bui Pham Khanh said LICOGI has taken part in many key national projects, and it is currently a strong specialised firm of the ministry.

The ministry hopes that with its State capital managed by the SCIC and other shareholders, LICOGI will have better operations to improve the value of the State capital, he added.–VNA