Cement News tagged under: State Capital Investment Corporation
Vietnam government prepares to divest Sai Son stake30 December 2014, Published under Cement NewsState Capital Investment Corporation (SCIC), the Vietnamese government’s investment arm, is shortly due to sell its 3.2 million share holding in Sai Son Cement JSC (SCJ). The move is expected to take place within a month from 31 December 2014 as SCIC aims to fully divest of its 16.44 per cent stake in the cement producer. The share sale is part of SCIC’s plan to exit from 376 companies by the end of 2015 to cut its portfolio to 100. |
SCIC plans to divest in Sai Son Cement holding22 December 2014, Published under Cement NewsState Capital Investment Corporation (SCIC), the Vietnamese government’s investment arm, plans to sell its entire 3.2 million shares, equal to 16.44 per cent stake of Sai Son Cement JSC (SCJ). The initial price is set at VND14,300 ($0.67) each, 40.2 per cent higher than its market price of VND10,200/share on Monday, but below SCJ’s book value of VND14,650 as of 30 September. SCIC has divested from Nghe An Bus Station JSC (NBS), Cuu Long Pharmaceutical JSC (DCL), Dien Quang JSC (DQC), Ag... |
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