Singapore Jardine unit ups investment into Vinamilk to $1b for 8.9% stake

Singapore Jardine unit ups investment into Vinamilk to $1b for 8.9% stake

Vinamilk products are displayed for sale at a Vinamilk shop in Hanoi, Vietnam May 16, 2016. REUTERS/Kham

Singapore-listed automotive firm Jardine Cycle & Carriage (JC&C) has made two additional purchases of Vinamilk shares after its maiden $616.6 million investment on November 10, to consolidate its presence in the Vietnam’s biggest listed business to 8.9 per cent.

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