Hong Kong-based Jardine Mattheson Group has secured one seat on the management board of Vinamilk, half a year after it bought a 10 per cent of the stakes at Vietnam’s leading dairy firm.
Saigon Beer, Alcohol and Beverage Corporation (Sabeco) reported a net revenue of VND10.4 trillion ($442.1 million) and after-tax profit of VND1.37 trillion ($60.3 million) in the fourth quarter of 2017, signifying increases of 17 and 29 per cent, respectively, according to statistics published by Sabeco.
As State Capital Investment Corporation gets ready to sell 3.3 per cent of its shares in Vinamilk, the market expects to see a different outcome from last year’s unsuccessful bidding.
Foreign strategic investors may only be interested in buying the entire state-owned stake in Vietnam Dairy Products JSC (Vinamilk) in a single bulk instead of dividing it into several smaller pieces as planned by State Capital Investment Corporation (SCIC).
Fraser & Neave Ltd. (F&N), which is controlled by Thai beer tycoon Charoen Sirivadhanabhakdi, has announced its ambition to acquire more shares in Vietnam Dairy Products Joint Stock Company (Vinamilk) as a part of its plans to expand its presence in Southeast Asia.