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VietNamNews

SCIC plans roadshows

Update: November, 16/2017 - 07:00
SCIC will hold roadshows to introduce investment opportunities in five companies from which it is expected to offload State capital this week. — Photo peakprosperity.com
Viet Nam News

HÀ NỘI – State Capital Investment Corporation (SCIC) will hold roadshows to introduce investment opportunities in five companies from which it is expected to offload State capital this week.

Specifically, SCIC will make a presentation on the investment opportunity in Việt Nam Construction and Import-Export Joint Stock Corporation (VCG) on Thursday on the Hà Nội Stock Exchange.

A similar introduction about Tiền Phong Plastics JSC (NTP), Bình Minh Plastics JSC (BMP), Domesco Medial Import Export JSC (DMC) and IT giant FPT Corp (FPT) will be presented during a roadshow on Friday on the HCM Stock Exchange.

At the roadshows, representatives of companies will present their companies’ operations and development strategies. SCIC will also introduce its plans to sell State capital in these companies, provide information on the competitive bidding process and respond to investors’ concerns.

At present, SCIC holds 21.79 per cent stake in VCG, 37.1 per cent stake in NTP, 29.51 per cent capital in BMP, 34.71 per cent capital in DMC and 5.99 per cent in FPT.

All these five companies are trading shares on the two national stock exchanges. SCIC’s divestment plans have attracted significant attention from investors, which has pushed up share prices of these companies in recent sessions.

On November 10, SCIC successfully sold its offering of 48.3 million shares of Vinamilk, equal to 3.33 per cent of the dairy firm’s capital, to Singaporean form Jardinr Cycle & Carriage at the price of VNĐ186,000 per share in a deal worth a total of VNĐ9 trillion. – VNS

 

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