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.
Zoy Home Furnishing Co Ltd, Jiayou International Logistics Co Ltd and Hebei Yangyuan Zhihui Drinks Co Ltd will all list on the main board of the Shanghai Stock Exchange.
The move follows a similar transaction last April when a consortium led by Hillhouse Capital Group and CDH Investments offered to buy out Hong Kong-listed Belle International Holdings Ltd in a $6.8 billion deal
Vietnam’s state-owned Binh Son Refining and Petrochemical (BSR) raised $245 million in its initial public offering (IPO) this month.
The SEC has demanded answers to at least 31 detailed questions about how mutual funds or ETFs based on bitcoin would store, safeguard, and price that asset.
Investment banks IDFC Bank and Keynote Capitals Ltd are advising the company on its initial share sale.
The listing had initially be slated for 2017 but was delayed.
The firm also convenes a regular meeting of executives to consider how else to engage with cryptocurrencies, its CFO said.
Telegram is seeking $850 million in a private sale of tokens to large investors this month and $1.15 billion in a subsequent public ICO in March.
RESO is Russia’s third-largest insurer by the deal value. If the IPO goes ahead, the company would be the country’s first publicly traded insurance company.