SCIC to divest 3.33 percent stake in Vinamilk

Speaking at a press conference held in Hanoi on August 4 on the corporation’s divestment plans, Chi said this is part of the 3.6 percent of the charter capital remaining from the offering in late 2016 when it planned to sell 9 percent of stake.

With 3.33 percent of the stake to be sold this time, the State will hold 36 percent of shares in Vinamilk.

Details of the offering will be published as soon as possible, Chi said, adding that SCIC will cooperate with Vinamilk to introduce investment opportunities for domestic and foreign investors.