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Vietnam First Spore Listing
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Nostradamus
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15-Mar-2007 20:23
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Vinamilk plans to issue almost 9 million shares according to Vinamilk's Board of Directors. The plan will be high on the agenda of the company's shareholders meeting slated for the end of this month. Founded in 1976, Vinamilk has become a leading business in the country's milk processing industry. Its products are exported to the US, France, Canada, Poland, Germany, Southeast Asia and many countries worldwide. |
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kovan8
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14-Mar-2007 08:04
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AsiaPulse reports:
Vietnam Dairy Products Plans Singapore Listing
Vietnam Dairy Products (Vinamilk) has submitted plans to the HCM Securities Trading Centre to issue over 8.85 million shares worth about VND88.52 billion (US$5.53 million) on the Singapore Exchange by June 2007. The company also has plans to issue an additional 17.7 million shares to existing shareholders, including foreign investment funds such as Dragon Capital, Vinacapital, Indochina Capital and Frase & Neave. The capital Vinamilk raises through the securities market will go toward its plans to create a global network. Executives are finalising procedures to become an International Dairy Federation member. The company, which controls 75 per cent of the domestic dairy market and netted VND6.662 trillion ($416.37 million) in revenue last year, also plans to set up factories nationwide, establish the Vietnam Milk company, broaden its product line into other beverages including coffee and invest in a real estate management company. Vinamilk has also brought on Tran Bao Minh, former global marketing director for Pepsi, to help raise its status among foreign investors. Vinamilk last year underwent a quality control inspection by the Ministry of Science and Technology and the Ministry of Health, which did not go well. Officials found that the company's powdered milk formula did not coincide with what was printed on the label, which had an impact on share prices in the latter part of 2006. Since, the company has announced alterations to the formula to match what is on the label. Shares have rebounded, closing at VND190,000 ($11.8) a piece yesterday. |
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maxliukt
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12-Mar-2007 19:43
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Any info on when is their IPO coming out? Vietnam linking stock index with SGX. How to buy Vietnam stock index? Thanks |
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zhuge_liang
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12-Mar-2007 18:22
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Vinamilk is the country's 2nd-largest listed firm, with a market value of around US$2b. The company also deals in real estate and provides warehousing and transport services. |
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zhuge_liang
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12-Mar-2007 17:46
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Vinamilk plans to list by June '07. The company also has plans to issue an additional 17.7 million shares to existing shareholders, including foreign investment funds such as Dragon Capital, Vinacapital, Indochina Capital and F&N. The capital Vinamilk raises through the securities market will go toward its plans to create a global network. Executives are finalising procedures to become an International Dairy Federation member. The company, which controls 75% of the domestic dairy market and netted VND6.662 trillion (US$416.37 million) in revenue last year, also plans to set up factories nationwide, establish the Vietnam Milk company, broaden its product line into other beverages including coffee and invest in a real estate management company. Vinamilk has also brought on Tran Bao Minh, former global marketing director for Pepsi, to help raise its status among foreign investors. Vinamilk last year underwent a quality control inspection by the Ministry of Science and Technology and the Ministry of Health, which did not go well. Officials found that the company's powdered milk formula did not coincide with what was printed on the label, which had an impact on share prices in the latter part of '06. Since, the company has announced alterations to the formula to match what is on the label. Shares have since rebounded on the Vietnamese bourse. |
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kovan8
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08-Mar-2007 23:06
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Vietnam's Vinamilk plans first S'pore listing Vietnam's leading dairy maker, Vinamilk, said on Thursday that it planned to list more than 8.85 million shares on the Singapore stock exchange this year, becoming the first Vietnamese firm listed there. 'The total face value of the shares would be 88.53 billion dong (about US$5.5 million), equivalent to 5 per cent of the registered capital after the firm completes the third phase of capital increase in 2007,' Vinamilk chief executive Mai Kieu Lien said in a statement. Mr Lien did not give details of the capital increase this year or how much the firm planned to raise in the Singapore offering. -- REUTERS |
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