Search Results for:Mai Nguyen
Analysts remain optimistic that future IPOs could go well with Vietnam’s economy growing 6.8% last year and its stock market climbing almost 50% in 2017.
The government has offered a stake of 12.8% in Vietnam’s second-biggest power generator by installed capacity, also known as EVNGENCO 3 and Genco 3.
The proceeds exceeded the government’s plan to raise at least $155 million from the sale.
The only other investor in the fray is an individual seeking a smaller holding.
Vietnam aims to raise at least $297 million by selling a 20 per cent stake in Petrovietnam Power Corporation and at least $155 million by selling 7.79 per cent of the Binh Son Refining and Petrochemical company,
In a series of recent moves, the Vietnamese authorities have indicated they may be more serious about significant sales of government-owned companies.
In addition to offering a 20% stake via IPO, the firm will offer up to an additional 44.72% to strategic investors and another 0.18% to employees.
Many foreign firms from Japan’s Asahi Group Holding to Belgium’s AB Inbev have shown an interest in Sabeco
The Vietnamese government aims to complete a stake sale in the country’s biggest brewer Sabeco in December, the trade ministry said, in the clearest signal yet that the long-awaited state divestment might happen this year after repeated delays. The government, which owns 89 percent in Sabeco, formally known as Saigon… Read more »
Sacombank is among Vietnam’s biggest private-listed banks.