By Nguyen Dieu Tu Uyen
Stakes in 245 state companies are up for grabs in 2018, including four scheduled in the first quarter — Binh Son Refining and Petrochemical Co, PetroVietnam Oil Corp., PetroVietnam Power Corp. and Hanoi Beer Alcohol & Beverage JSC.
Prior to the offer, Masan Beverage held 68.46 per cent in Vinacafe.
Shares of Masan Group have more than doubled in the past six months, lifting the net worth of its founder & chairman Nguyen Dang Quang to $1.2 billion.
Vietnam’s state-owned Binh Son Refining and Petrochemical (BSR) raised $245 million in its initial public offering (IPO) this month.
NAH connects brands and advertisers with micro influencers and key opinion leaders.
Adsota will gain access to its Korean partner’s advertising technology as well as the East Asian market for expansion.
The proceeds exceeded the government’s plan to raise at least $155 million from the sale.
Chris Freund, Founder and Partner at Mekong Capital, says, “the companies that successfully implement omnichannel retailing will be most successful.”
Upon completion of the deal, JD.com will become one of Tiki’s largest shareholders.
PV Oil, a PetroVietnam subsidiary, plans to offer 20% of its shares in an IPO on January 25, and another 44.72% stake to strategic investors through a private placement.