Jardine C&C purchases 5.53% stake in Vinamilk
US$616.6m buy-in for leading Vietnamese dairy producer comes around a year and a half after government scraps foreign ownership limit on the company
Singapore
MAINBOARD-LISTED Jardine Cycle & Carriage (Jardine C&C) is taking a 5.53 per cent stake in a leading Vietnamese dairy producer, after an auction last Friday by the State Capital Investment Commission of Vietnam (SCIC).
The US$616.6 million buy-in for Vietnam Dairy Products Joint Stock Company (Vinamilk) comes around a year and a half after the decision to scrap a foreign ownership limit on Vietnam's largest listed company by market capitalisation.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Carrier AirAsia discloses new listing plans under RM6.8 billion units merger
Intel slides after tepid forecast spurs fears about comeback
Microsoft beats estimates as AI drives revenue
Crypto firm sues SEC to fend off oversight of Ethereum
Snap beats first-quarter expectations, shares jump 25%
Google parent announces first-ever dividend; beats on sales, profit; shares soar