Local mergers and acquisitions portray businesses confidence vov.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vov.vn Daily Mail and Mail on Sunday newspapers.
Local mergers and acquisitions portray businessesâ confidence 08:00 | 09/04/2021
Local mergers and acquisitions portray businessesâ confidence
In January, seafood processing company Vinh Hoan Corporation scooped up 51.29 per cent stake in Sa Giang Import Export Corporation. The company spent nearly $15.2 million buying 3.56 million shares from State Capital Investment Corporation which held Sa Giangâs stake.
Vinh Hoan is also preparing to purchase 25.43 per cent of Sa Giang from four individual investors to raise its ownership to 76.72 per cent. Sa Giang produces instant noodles and crackers made from crab and squid. The company exports its products to Europe, especially Germany and the Netherlands, as well as some Asian countries.
Sovereign fund SCIC to invest $345m in Vietnam Airlines Premium
Vietnamese state investor SCIC plans to invest VND8 trillion ($345.49 million) in Vietnam Airlines through a rights issue, per local media reports.
Continue reading this story with a subscription to DealStreetAsia.
Contact us for corporate subscriptions at subs@dealstreetasia.com.
Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday
REGISTER stories left placeholder You have one free story left this month. You have stories left placeholder free stories left this month. This is your last free story of the month.