JC&C joins the race for VinamilkSingapore’s largest automotive group, Jardine Cycle & Carriage Limited Company (JC&C), announced intentions to take up the competition with F&N Dairy Investment Pte., Ltd. for a stake in Vietnam Dairy Products JSC (Vinamilk) by registering to buy an additional 14.5 million shares through its Platinum Victory Pte., Ltd. investment fund. On May 4, Platinum Victory submitted a notice to the State Securities Commission, the Ho Chi Minh City Stock Exchange, and Vinamilk. Accordingly, it registered to buy an additional 14.5 million Vinamilk shares. Once the purchase is completed, Platinum Victory will increase its holdings in Vinamilk to 160.1 million shares or 11.03 per cent from the existing 145.58 million shares or 10.03 per cent. After the latest registration, the firm released that it completed the purchase of 6.6 million of the expected 14.5 million shares, increasing its holdings to 17.25 per cent or 250.4 million shares.

Source: VietNamNet News May 10, 2018 06:56 UTC