Swire Coca-Cola takes over Coca-Cola Vietnam
HCMC – Swire Coca-Cola Limited, a wholly-owned subsidiary of Swire Pacific Limited, has announced the completion of its acquisition of Coca-Cola Beverages Vietnam Limited. The transaction marks another major investment of Swire Coca-Cola in Southeast Asia following the acquisition of the Cambodia
Kinh Bac raises stake in Hung-Yen-based firm
HCMC – Kinh Bac City Development Holding Corporation, whose KBC shares are traded on the Hochiminh Stock Exchange, is expected to raise its ownership at Hung Yen Investment and Development Corporation from 60% to 80%. Kinh Bac has passed a plan on stake acquisition. Under the plan, Saigon
Damsan to increase stake in energy subsidiary
HCMC – Damsan Joint Stock Company, whose ADS shares are traded on the Hochiminh Stock Exchange, plans to pump an additional VND86.4 billion into its energy business arm, called AD Green Corporation, in the first quarter of 2023. The board of Damsan has passed a resolution on the capital
F&N Dairy Investment to increase stake in Vinamilk
HCMC – Singapore-based F&N Dairy Investment, a large shareholder of Vietnam’s leading dairy firm Vinamilk (VNM), has registered to buy nearly 20.9 million VNM shares from December 6 to January 4. Once the transactions are completed, the Singaporean firm would raise its ownership in Vinamilk
BAF Vietnam to acquire majority stake in livestock company
HCMC – BAF Vietnam Agriculture Joint Stock Company (BAF) will acquire 717,282 shares, or a 99.9% stake, in Kim Hoi Livestock Manufacturing and Trading Joint Stock Company. The BAF management board has passed a resolution on the stake acquisition, assigning BAF general director to take charge of