The initial public offer (IPO) market in Vietnam will see one of the state owned pharmaceutical facilities – the Central Pharmaceutical Company No 1 – sell its first shares to the public. The firm will also offer an equivalent stake of 14.3 per cent to strategic investors. Meanwhile, the private equity investment firm Dragon Capital has increased its ownership in PVPower Nhon Trach 2 JSC, a unit of the energy titan PetroVietnam, to more than five per cent, becoming the power company’s third largest shareholder.
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