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SCIC to sell stake in Cafatex Corp

Sep 6th at 16:04
06-09-2016 16:04:55+07:00

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 on September 5.

SCIC will sell the shares in the form of a package at an auction and the starting price is VND101,100 per share.

SCIC could earn a minimum of VND29 billion (US$1.3 million) from this deal.

That number of shares is equal to 3 per cent of Cafatex Corp's chartered capital after the company is equitised.

The southern seafood producer expects to have chartered capital worth more than VND98.8 billion following the equitisation.

The auction will be organised on October 7 at the HCM Stock Exchange.

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