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SCIC announces initial price of Vinamilk’s share auction

SCIC sets the starting price of Vinamilk’s share auction on November  一0 at VNĐ 一 五0,000 (US$ 六. 六 一) per share. — Photo soha.vn

HÀ NỘI — The State Capital Investment Corporation (SCIC) has announced the initial selling price of the competitive tender for Vinamilk’s shares, scheduled on November  一0 on the HCM Stock Exchange.

The starting price is set at VNĐ 一 五0,000 (US$ 六. 六 一) per share, higher than the initial price of VNĐ 一 四 四,000 a piece in the first sale that took place in December last year.

Investors participating in the share auction must make a bid not lower than the starting price and not lower than the closing price of Vinamilk’s shares traded on the HCM Stock Exchange on the auction date.

In mid-October, SCIC announced it will sell  三. 三 三 per cent of State’s capital in Vinamilk on November  一0.

After the sale of  九 per cent stake of Vinamilk in December last year, SCIC’s holding in the dairy company is currently  三 九. 三 四 per cent, equivalent to nearly  五 七 一 million shares.

At the first sale, only Singapore-based dairy group Fraser and Neave Ltd (F N) registered to buy  七 八. 四 million shares, equivalent to  六0 per cent of the share offering. The remaining  四0 per cent was unsold.

Vinamilk’s shares have risen by  二 三. 四 per cent in value this year, trading at some VNĐ 一 五 五,000 per share. — VNS