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Banking & Finance

SCIC divesting from Vacopharm

Released at: 16:12, 07/09/2015

SCIC divesting from Vacopharm

State Capital Investment Corporation to sell its entire holding of 48.57%.

by Hung Khanh

The State Capital Investment Corporation (SCIC) has announced it will sell its 2.19 million shares, representing 48.57 per cent, in the Vacopharm Pharmaceutical Joint Stock Company (Vacopharm) at the Vietcombank Securities Company in Ho Chi Minh City.

Vacopharm’s employees have the right to buy 1.59 million shares, while the remaining 656,000 shares will be sold publicity at an offering price of VND38,500 ($1.71) per share, with a par value of VND10,000 ($0.44).

Registrations to purchase are open until 9am on September 30.

The minimum purchase is 100 shares and the maximum 656 shares.

Vacopharm recently increased its charter capital from VND28.35 billion ($1.26 million) to VND45 billion ($2 million), while its total assets stand at VND241.32 billion ($10.73 million).

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