Selling shares to foreign investors, VCB’s charter capital up Business

Selling shares to foreign investors, VCB’s charter capital up

The charter capital of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has risen by 3 percent to 37.1 trillion VND (1.6 billion USD) after its recent sale of more shares to two strategic investors - the Singaporean investment fund GIC Private Limited (GIC) and Japan’s Mizuho Bank.
SCIC evaluates State capital divestment Business

SCIC evaluates State capital divestment

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).
Three SOEs to hold March IPOs Business

Three SOEs to hold March IPOs

SOEs will make initial public offerings (IPOs) in March, floating 2.5 trillion VND (110 million USD) worth of stakes in the market in the second wave of SOEs IPOs in 2018.
Genco 3’s IPO ends with only 3 percent of shares sold Business

Genco 3’s IPO ends with only 3 percent of shares sold

Only 3 percent of a total of 267 million shares offered in the initial public offering (IPO) of Power Generation Corporation 3 (Genco 3) on February 9 were sold successfully, a poor result given the high market expectations before the sale.
All eyes on Sabeco shares Business

All eyes on Sabeco shares

Vietnamese shares are expected to move marginally in the last two trading weeks of 2017 as investors take a rest, however the selling of brewer Sabeco shares should give a short boost to the market.
Market volatile despite recovery Business

Market volatile despite recovery

Financial stocks’ strong recovery lifted both local exchanges on December 14, but the market’s short-term prospects remained gloomy following the outflow of money.
Road show in Singapore, UK to seek Sabeco’s stake buyers Business

Road show in Singapore, UK to seek Sabeco’s stake buyers

A road show will be held in Singapore and the UK to seek potential buyers of stakes of the Sai Gon Alcohol-Beer-Beverage JSC (Sabeco) as the State’s divestment plan in the company is going to finish, said the Ministry of Industry and Trade (MoIT).
Becamex IDC to hold Vietnam’s 2nd-biggest IPO Business

Becamex IDC to hold Vietnam’s 2nd-biggest IPO

The Investment and Industrial Development Corporation (Becamex IDC) will float over 311.2 million shares, equivalent to 23.63 percent of its charter capital, in its initial public offering (IPO) on De
SCIC under divestment pressure in Q4 Business

SCIC under divestment pressure in Q4

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.
SCIC to auction 3.33 percent of Vinamilk stake next month Business

SCIC to auction 3.33 percent of Vinamilk stake next month

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.