By Quynh Nguyen
F&N Dairy Investments, owned by Thai billionaire Charoen Sirivadhanabhakdi, is expected to shell out over VND2.3 trillion ($101.2 million) to increase its stake in Vinamilk.
Experts predict a faster equitization process in the second half of the year but it will be difficult to meet the government’s annual target.
The Japanese pharma player has proposed to purchase an additional 7.06 per cent stake in the Vietnamese firm.
Vietnam’s real estate market has attracted foreign capital to the tune of $5.54 billion, accounting for 27.3 per cent of total FDI poured into the country in the first half of the year.
The move is a part of its full divestment in Vietnamese property developer Quoc Loc Phat Joint Stock Company.
South Korea processed meat company Jinju Ham Co has acquired 25 per cent stake of Saigon Nutri-food JSC while Sabeco’s member Saigon Hanoi Beer JSC will trade on UPCoM on July 4.
Established in by Warburg Pincus, VinaCapital, and VinaCapital’s founder, Don Lam, with an initial capital of approximately $300 million, Lodgis is a fully integrated hotel platform.
MobiFone had previously held an auction to sell its shares in SeABank and TPBank last April as part of its strategic plan to focus on its core businesses.
PVOIL, which accounts 20-22 per cent market share, is the second largest petroleum distributor after Petrolimex.
Vietnam’s biggest property developer Vingroup has announced its foray into the affordable housing segment with the Happy Town brand