Home Companies

Saigon Tourist to divest from Saigon Bank

Nov 10th at 13:31
10-11-2015 13:31:44+07:00

Saigon Tourist to divest from Saigon Bank

Tour developer Saigon Tourist announced the sale of its entire stake in Saigon Bank for Industry and Trade (SGB) in HCM City yesterday.

 

The company plans to sell more than 10.75 million shares, or a 3.49 per cent stake in the bank at the starting price of VND9,756 (US$0.43) each.

The sale auction will be organized on December 2 at the Vietcombank Securities Company. Saigon Tourist will earn VND105 billion ($4.7million) if the sale is successful.

The tourism company also sold shares of Jetstar Pacific and Tan Son JSC in 2015. Shares of Jetstar Pacific were offered at VND15,000($0.66) each and shares of Tan Son JSC were offered at VND196,000 ($8.7) each.

HCM City-based SGB has total assets of VND16.5 billion ($733.3 million) and plans to increase that to VND19.3 billion ($857.7 million) in 2015.

As the leading toursim company in Viet Nam, Saigon Tourist received 2.15 million tourists, reaching revenue of VND16.36 billion ($727 million) in 2014.

Under the equitisation plan, state-owned Saigon Tourist, has to divest its capital in 31 non-core enterprises by this year end. 

bizhub

MOST READ

NEWS SAME CATEGORY

SCIC to sell stakes at Kim Lien Tourism
COMPANIES Nov 7th at 11:13

SCIC to sell stakes at Kim Lien Tourism

The State Capital Investment Corporation, also known as SCIC, will sell its entire stake in Kim Lien Tourism Joint Stock Company (KLC) according to the Ha Noi Stock...

MOIT to unload stake in GELEX
COMPANIES Nov 5th at 15:30

MOIT to unload stake in GELEX

The industry and trade ministry will represent the government in unloading state capital in the Vietnam Electrical Equipment Joint Stock Corporation, or GELEX, the...

Masan Beverage to buy into water firm
COMPANIES Nov 5th at 09:42

Masan Beverage to buy into water firm

Masan Beverage has signed an agreement to become the strategic partner of Quang Ninh Natural Mineral Water Limited Company, according to a press release from Masan...

Sabeco to divest from Eximbank
COMPANIES Nov 4th at 14:17

Sabeco to divest from Eximbank

The Saigon Beer Alcohol Beverage JSC will unload all its 5.73 million shares in the Viet Nam Export-Import Commercial Joint Stock Bank, or Eximbank.

Vietnam's Vinamilk shares jump on $4 bln stake offer report, F&N says no formal approach
COMPANIES Nov 3rd at 14:42

Vietnam's Vinamilk shares jump on $4 bln stake offer report, F&N says no formal approach

Shares in Vinamilk , the country's biggest listed firm, hit a lifetime high on Tuesday after local media said drinks maker Fraser and Neave Ltd plans to buy the...

HAGL Agrico to sell 59 million shares
COMPANIES Nov 2nd at 13:45

HAGL Agrico to sell 59 million shares

Hoang Anh Gia Lai Agricultural Joint Stock Company (HAGL Agrico) will sell 59 million shares to strategic investors at the price of VND28,000 per share to gain...

Eximbank to sell Sacombank shares
COMPANIES Oct 26th at 19:13

Eximbank to sell Sacombank shares

The Viet Nam Export Import Commercial Joint-Stock Bank (Eximbank) withdrew its capital representatives at Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank)...

Vingroup to buy supermarket chain Maximark
COMPANIES Oct 26th at 18:56

Vingroup to buy supermarket chain Maximark

Vingroup has announced it will buy a 100 per cent stake in supermarket chain Maximark of HCM City-based An Phong Joint Investment Joint Stock Company.

BlueScope reaches 12 per cent of market share
COMPANIES Oct 22nd at 15:08

BlueScope reaches 12 per cent of market share

Steel producer NS BlueScope Viet Nam Company Ltd on October 21 said it had gained 12 per cent of steel market share in the country.

SSI reports higher profit despite lower revenue in Q3
COMPANIES Oct 22nd at 11:23

SSI reports higher profit despite lower revenue in Q3

Saigon Securities Inc has reported lower revenues but higher profits in the third quarter.

Read More

MOST READ

Back To Top