By Kalpana Pathak
Reliance Jio will use the proceeds to expand its operations in the GigaFiber segment.
The $73.16 million deal is designed to test how the technology might improve decades-old bond sales practices.
The planned share sale comes after SMC merged three businesses to form the food and drinks unit, which is now worth $12 billion.
Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history.
The New York company, backed by New Silk Route Growth Capital, had filed for a $50 million IPO on the NASDAQ
The statement comes after a meeting earlier this week in Hanoi between PetroVietnam Chairman Tran Sy Thanh and Thierry Olive, co-head of investment banking for the Asia-Pacific at BNP Paribas SA.
The biopharmaceutical firm raised $172 million from its Nasdaq IPO in September 2017.
The CITIC PE and Temasek-backed AsiaInfo is provider of China’s first-generation telecom software since the 1990s.
The move to float the unit is part of a government push to sell state-assets to raise funds.
The funds will be used to buy out some of its private equity investors before a planned initial public offering (IPO) later this year.