Home Companies

SCIC to sell its entire stake in VSH

Sep 11th at 16:52
11-09-2016 16:52:16+07:00

SCIC to sell its entire stake in VSH

State Capital Investment Corporation (SCIC) announced it was selling its entire stake of 49.5 million shares of the Vinh Son-Song Hinh Hydropower plant (VSH).

 

The shares, equivalent to 24 per cent of the charter capital, were offered at the starting price of VND18,300 (US$0.81) per share.

If the sale is successful, SCIC will earn a minimum of VND905 billion.

Based in central Quy Nhon City, the hydropower plant, with charter capital of over VND2 trillion, produces and trades electricity, provides management, operation and maintenance services to plants, provides consultancy on project management, supervises hydropower project construction and trades material and equipment for the hydropower sector.

Listed since 2006 on the HCM Stock Exchange, its shares rose more than 17 per cent over the past month to settle at VND16,900 per share on September 9 on the HCM Stock Exchange.

bizhub

MOST READ

NEWS SAME CATEGORY

Vinamilk seeks to buy second US milk firm
COMPANIES Sep 11th at 16:50

Vinamilk seeks to buy second US milk firm

Viet Nam's biggest dairy company, Vinamilk (VNM), is seeking to buy second company in the United States as part of its accelerating merger and acquisition (M&A)...

Hoa Sen gets overwhelming yes from shareholders for giant steel plant
COMPANIES Sep 8th at 09:20

Hoa Sen gets overwhelming yes from shareholders for giant steel plant

Hoa Sen Group (HSG)'s shareholders have almost unanimously approved construction of a mammoth steel plant in the central province of Ninh Thuan.

PAN Group to lift foreign ownership bar
COMPANIES Sep 6th at 16:07

PAN Group to lift foreign ownership bar

The State Securities Commission has approved PAN Group JSC's lifting of the limit of foreign ownership in the company's capital.

SCIC to sell stake in Cafatex Corp
COMPANIES Sep 6th at 16:04

SCIC to sell stake in Cafatex Corp

State Capital Investment Corporation (SCIC) will sell more than 265,000 shares in seafood producer Cafatex Corporation, the HCM Stock Exchange said in a statement...

Domesco to lift foreign ownership cap
COMPANIES Sep 6th at 11:20

Domesco to lift foreign ownership cap

The State Securities Commission (SSC) has allowed Domesco Medical Import Export Joint Stock Corporation (Domesco) to increase its foreign ownership to 100 per cent...

Kido on the market for vegetable oil companies
COMPANIES Sep 5th at 20:28

Kido on the market for vegetable oil companies

Foodstuff producer Kido Joint Stock Company (KDC) is increasing stake acquisitions in vegetable oil manufacturing companies as part of its strategy to penetrate...

DAG secures lucrative deal in Brazil
COMPANIES Sep 1st at 13:18

DAG secures lucrative deal in Brazil

Dong A Plastic Group (DAG) has just expanded its global reach by signing a contract with Brazilian building materials trader Al Importacao e Exportacao Eireli Epp.

Sun Life Assurance buys out PVI stake
COMPANIES Aug 31st at 13:31

Sun Life Assurance buys out PVI stake

Canada's Sun Life Assurance Company has bought out PVI Holdings' 25 per cent stake in PVI Sun Life Insurance Company Limited to increase its ownership to 100 per...

Vinamilk among Asia Pacific's 50 best listed firms
COMPANIES Aug 30th at 13:25

Vinamilk among Asia Pacific's 50 best listed firms

Vietnam Dairy Products or Vinamilk "breaks the ice" to grab a spot in the top 50 best listed firms in the Asia Pacific region, Forbes Magazine said on August 24.

GIC to become third largest shareholder in Vietcombank
COMPANIES Aug 30th at 11:00

GIC to become third largest shareholder in Vietcombank

On August 29, Bank for Foreign Trade of Vietnam (Vietcombank) signed a Memorandum of Understanding (MoU) to sell a 7.73 per cent stake, equalling 305.8 million...

Read More

MOST READ

Back To Top