More companies lift foreign ownership limit to 100%

Foreign possession in Petrovietnam Fertilizer & Chemicals Corp was 24.5 per cent by 2017-end. — Photo tienphong.vn

HÀ NỘI — Three companies have opened up the foreign ownership limit to 100 per cent, the State Securities Commission announced.

They include Việt Nam-Italy Steel JSC (VIS), Petrovietnam Fertilizer & Chemicals Corp (DPM) and confectionery Kido Group (KDC). This decision was approved in the three companies’ annual shareholders meetings this year.

These companies are among the leading ones in their production industry.

Foreign ownership in Việt Nam-Italy Steel JSC is almost 25 per cent by February 21, 2018, of which Kyoei Steel Co is the largest foreign shareholder with a 20-per-cent stake.

Foreign possession in Petrovietnam Fertilizer & Chemicals Corp was 24.5 per cent and in Kido Group 19.62 per cent by the end of last year.

Last year, the stock market witnessed a wave of listed companies lifting their foreign ownership restraint, including big companies in the pharmaceutical and insurance industries such as Hậu Giang Pharmaceutical (DHG), Domesco Medical Import Export JSC (DMC), Bảo Minh Insurance Corp (BMI) and PVI Holdings (PVI). — VNS

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