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
Add BT as a preferred source
Annabeth Leow
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
