By Anshuman Daga
In a series of recent moves, the Vietnamese authorities have indicated they may be more serious about significant sales of government-owned companies.
The startup gives users an option to choose out of 500 medium and high-class fitness studios across Vietnam that they can join from anywhere and at any time.
FPT Retail’s IPO is expected to make a similar impact to that of Mobile World Investment Corporation’s public debut in 2014.
The Kuala Lumpur-based lender will launch its first fully digital bank in Vietnam in January, followed by the Philippines, where it has received a license
The success of this divestment appears to be unpredictable because the price is 73 per cent higher than that suggested by advisors for the deal – besides, it has has raised questions as to who would buy such a huge amount of shares.
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.
Thai Beverage Pcl has acquired the remaining 49 per cent interest in Vietnam F&B Alliance Investment Joint Stock Company.
Many foreign firms from Japan’s Asahi Group Holding to Belgium’s AB Inbev have shown an interest in Sabeco
The state currently holds nearly 90 per cent in Sabeco.
This comes as rivals Grab and Go-Jek push aggressively for the adoption of their own in-app payments platforms