Thai billionaire wants to pour more money into Vinamilk
 |
If the transaction is successful, F&N Dairy Investments will own nearly 236.5 million Vinamilk shares, equaling to 16.29% of Vinamilk charter capital.
With the current price of VND133,000 (US$5.78) per share, F&N Dairy Investments will have to spend nearly VND3 trillion (US$130.4 million).
Earlier, from December 30, 2016 to January 27, 2017, it had registered to buy the same number of Vinamilk shares but succeeded in purchasing only 16.5 million shares worth more than VND2.1 trillion (US$91.3 million).
F&N Dairy Investments belongs to Singapore F&N owned by Thai billionaire Charoen Sirivadhanabhakdi.
Vinamilk has recently announced its trading results in 2016. Its total revenue increased by 16% to VND46.965 trillion (US$2.041 billion) and after-tax profit grew 20.52% to VND9.364 trillion (US$407 million).
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- SABECO to elevate Vietnam's beverage industry to global standards (November 21, 2024 | 17:36)
- ABeam Consulting Vietnam introduces BSQCD Purchasing Strategy Framework (November 21, 2024 | 16:40)
- Major railway requires debt considerations (November 21, 2024 | 12:07)
- Reviving a new life cycle for plastic waste (November 21, 2024 | 09:16)
- Key balances maintained for industrial production (November 21, 2024 | 08:00)
- Ecolean Vietnam honoured with prestigious sustainability award (November 19, 2024 | 10:01)
- HEINEKEN Vietnam’s clear path towards net-zero (November 18, 2024 | 15:13)
- VLCA 2024 honours corporate governance excellence as listed companies raise the bar (November 18, 2024 | 09:00)
- High-tech personnel to drive competition (November 17, 2024 | 09:21)
- Rising use of Generative AI Apps boosts consumer interest in differentiated connectivity (November 16, 2024 | 09:41)
Mobile Version