Saigon Securities divests from confectionery with sale of more than 3 million shares
Saigon Securities Inc (SSI) has reported that its SSI Asset Management Ltd Co (SSIAM) has completed sale of over 3 million shares in confectionery firm Bibica Corp (BBC), accounting for nearly 20 per cent of BBC's charter capital.
 |
| After the deal, SSI's holding in Bibica decreased to a tiny 0.02 per cent, thus Bibica is no longer its affiliate. Korea's Lotte currently holds a 44-per-cent stake in Bibica. - Photo donga |
The buyer information has not been disclosed.
After the deal, SSI's holding in Bibica decreased to a tiny 0.02 per cent, thus Bibica is no longer its affiliate. Korea's Lotte currently holds a 44-per-cent stake in Bibica.
Bibica general director Truong Phu Chien said the withdrawal of SSI would not affect the company's future development plans.BBC stocks hit their ceiling price on Friday at VND57,500 (US$2.69) a share, while that of SSI declined 2.2 per cent to VND26,300 ($1.23).
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- HDBank in triple victory at listed company awards (November 25, 2024 | 11:38)
- Malaysia's Solarvest and Finhero launch first solar financing fintech solution in Vietnam (November 22, 2024 | 19:50)
- SHB honoured at VLCAs for fourth time (November 22, 2024 | 19:08)
- Central Bank of Cuba chief visits Hanoi to work with VBSP (November 22, 2024 | 15:49)
- Credit sees steady growth towards year-end (November 21, 2024 | 17:46)
- HDBank wins three titles at Vietnam Listed Company Awards (November 21, 2024 | 10:01)
- VLCA’s corporate governance mission (November 21, 2024 | 10:00)
- The promotion of ESG via banking (November 21, 2024 | 09:32)
- Standard Chartered committed to Vietnam’s financial success (November 21, 2024 | 09:24)
- Full ESG adoption the priority for Agribank (November 21, 2024 | 09:07)
Mobile Version