The State Capital Investment Corporation (SCIC) has decided to divestall of its capital in the Dabaco Group (DBC) with the aim ofstructuring its investment list.
According tothe Hanoi Stock Exchange, SCIC registered to sell all 6 million DBCshares it owned, equivalent to 9.56 percent of the group’s total shares.With the market price of 28,900 VND per share, SCIC’s DBC stocks arevalued at over 173 billion VND.
Transactions are scheduled to be implemented from October 17 to November 14.
A financial report recently released by Dabaco’s parent company showsthat the company earned 43 billion VND in net profits in the thirdquarter of 2014, down 22 percent against the same period last year. Inthe first nine months of this year, the company’s net profits reached95.4 billion VND, 3 billion VND lower than that of the same period ayear earlier.
Established in 1996 as aState-owned enterprise, Dabaco underwent privatization in 2005. Sincethen, the group has operated in numerous fields, with the focus onanimal feed, poultry and castle breeding and food processing.
In addition, Dabaco has also invested in building industrial and urban zone facilities, infrastructure and real estate.
It is one of the first names present in the animal feed market inVietnam and one of the ten biggest enterprises specialised in producinganimal feed nationwide.-VNA
According tothe Hanoi Stock Exchange, SCIC registered to sell all 6 million DBCshares it owned, equivalent to 9.56 percent of the group’s total shares.With the market price of 28,900 VND per share, SCIC’s DBC stocks arevalued at over 173 billion VND.
Transactions are scheduled to be implemented from October 17 to November 14.
A financial report recently released by Dabaco’s parent company showsthat the company earned 43 billion VND in net profits in the thirdquarter of 2014, down 22 percent against the same period last year. Inthe first nine months of this year, the company’s net profits reached95.4 billion VND, 3 billion VND lower than that of the same period ayear earlier.
Established in 1996 as aState-owned enterprise, Dabaco underwent privatization in 2005. Sincethen, the group has operated in numerous fields, with the focus onanimal feed, poultry and castle breeding and food processing.
In addition, Dabaco has also invested in building industrial and urban zone facilities, infrastructure and real estate.
It is one of the first names present in the animal feed market inVietnam and one of the ten biggest enterprises specialised in producinganimal feed nationwide.-VNA
