Telecom giant Viettel and the State Capital Investment Corporation(SCIC) will auction off all their stakes in the Vietnam Construction and Import-Export JSC (Vinaconex), according to the Hanoi Stock Exchange (HNX).
Given the stock market’s recent lethargy, the State Capital Investment Corporation (SCIC) is assessing market demand to consider choosing the most efficient capital divestment options at State-owned enterprises (SOEs).
The State Capital Investment Corporation (SCIC) said it would offload capital in 121 businesses in 2018 with a view to making after-tax profit of 5.4 trillion VND (237.8 million USD), a 17 percent year-on-year decrease.
The ownership of 21 large State-owned groups and corporations is likely to be transferred from ministries and sectors to the Committee on State capital management at enterprises.
The State Capital Investment Corporation (SCIC) plans to sell nearly 30 percent of its stake in Binh Minh Plastic JSC or 24.1 million shares on March 9 on the HCM Stock Exchange.
State Capital Investment Corporation (SCIC) expects to make a pre-tax profit of 6.6 trillion VND (290.5 million USD) in 2017, posting a 33 percent year-on-year increase.
The State Capital Investment Corporation (SCIC) collected 137 billion VND (6 million USD) after auctioning 5.35 million shares of the Viet Nam Construction and Import-Export Joint Stock Corporation (Vinaconex) on the Hanoi Stock Exchange on December 8.
The State Capital Investment Corporation (SCIC) has confirmed it will continue its scheduled competitive share offerings in four companies in the latter half of this month.
Three years after an initial public offering (IPO), the Vietnam Waterway Construction Joint Stock Corporation (Vinawaco) has not transferred the State’s capital from the transport ministry to the State Capital Investment Corporation (SCIC).
The State Capital Investment Corporation (SCIC) is under pressure to complete its divestment scheme towards the end of this year with many large companies still in its portfolio.
The State Capital Investment Corporation (SCIC) organised a roadshow in Ho Chi Minh City on October 18 to introduce opportunities from the offloading of its 3.33-percent stake at the Vietnam Dairy Products Joint Stock Company (Vinamilk).
Vietnam’s sovereign fund State Capital Investment Corporation (SCIC) will sell 3.33 percent of the State’s capital in the Vietnam Dairy Products Joint Stock Company (Vinamilk) on November 10 this year, the SCIC announced on October 16.
State capital at the two brewers, Saigon Alcohol-Beer-Beverage JSC (Sabeco) and Hanoi Alcohol-Beer-Beverage JSC (Habeco), may soon be transferred to the State Capital Investment Corporation (SCIC).
The State Capital Investment Corporation (SCIC) had invested in 141 businesses as of July 31 with total State capital of almost 19.56 trillion VND (860.6 million USD) among their combined charter capital of nearly 94.93 trillion VND (4.18 billion USD).
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.
The State Capital Investment Corporation (SCIC) has declared record pre-tax profit of around 19 trillion VND (837 million USD) in 2016, which is 3.9 times higher than the profit earned in 2013.
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