Vietnam plans to sell Vinamilk shares at 154,000 dong each - govt

Fraser and Neave

05/09/2017 08:04

HANOI, Sept 5 (Reuters) - The Vietnamese government plans to 
sell 3.33 percent of its Vinamilk  VNM.HM  shares at 154,000 
dong ($6.78) each, higher than the previous estimate, according 
to a government document seen by Reuters on Tuesday. 
    The divestment out of Vinamilk, Vietnam's top firm by value, 
is expected to bring in 7.443 trillion dong to the state, said a 
statement by Vietnam's Steering Committee for Enterprise 
Innovation and Development dated Aug. 30. 
    The State Capital Investment Corp, the government's 
representative in Vinamilk, said it estimated the stake sale 
would fetch 6.5-7 trillion dong, or about 134,484-144,829 dong 
per share.  urn:newsml:reuters.com:*:nL4N1KQ357 
     
    ($1 = 22,728.000 dong) 
 
 (Reporting by Mai Nguyen; Editing by Sherry Jacob-Phillips) 
 ((mai.nguyen@thomsonreuters.com; +8424 3825 9623; Reuters 
Messaging: mai.nguyen.thomsonreuters.com@reuters.net)) 
 
Keywords: VINAMILK SALE/