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State sovereign fund to form investment unit

Update: February, 09/2012 - 10:25

HA NOI — A senior official of the State Capital Investment Corporation (SCIC) said it would establish a financial investment company specialising in direct investments in securities, upon final approval of the plan by the Prime Minister.

The official, on condition of anonymity, said that the restructuring would prevent conflicts of interest arising from SCIC from combining its investment activities with its ongoing role as the representative of State holdings in a large number of equitised enterprises.-VNS

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