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SCIC holds roadshow on Vinamilk share sale

Nov 19th at 14:02
19-11-2016 14:02:36+07:00

SCIC holds roadshow on Vinamilk share sale

The State Capital Investment Corporation (SCIC) will hold a roadshow to introduce the sale of its shares in Vietnam Dairy Products JSC next Monday.

 

SCIC Chairman Nguyen Duc Chi said in September that the company will sell a 9 per cent stake in the dairy firm, which is better known as Vinamilk, this year.

The SCIC will hold the roadshow in conjunction with the HCM City Stock Exchange, Vinamilk and a group of share sales consultants that it selected last month.

Singapore’s Morgan Stanley Asia leads the group, which also includes Vietnamese brokerage Saigon Securities Inc and VinaCapital Corporate Finance Vietnam.

Chi told a press conference in Ha Noi in September that the government was holding 45.1 per cent of Vinamilk’s equity. The real asset value of the company was under US$1 billion, but its market price has risen to $9 billion.

Shares of Vinamilk closed down 1.8 points at VND137,200 ($6.2) per share on the HCM City Stock Exchange on Friday.

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