HÀ NỘI – The State Capital Investment Company (SCIC) will further sell over 48 million shares in Việt Nam’s top listed firm by market value, Vinamilk, this October. While organising the sale, SCIC will work closely with Vinamilk to highlight potential investment opportunities for domestic and foreign investors, Chi further added. Last year, SCIC sold 5.4 per cent of Vinamilk to the Singapore-listed, Fraser and Neave Ltd, the second largest investor in the company after SCIC, which owns 39.34 per cent. It is estimated that the stake sale would fetch VNĐ6.5-7.0 trillion (US$285.9-$307.9 million), Chi said. Vinamilk shares closed flat at VNĐ154,000 on Friday.

Source: Viet Nam News August 05, 2017 03:33 UTC