SCIC to divest all stakes in 66 companies
State Capital Investment Corporation SCIC has a plan to divest its entire stake in 66 companies in the next five years
SCIC plans to divest all investments in 66 companies across various sectors such as plastics, medical import-export, steel, textile, construction, transport, trade, services, and import-export. The list of companies includes well-known names like Vietnam Plastics Corporation, Tien Phong Plastic, Domesco Medical Import-Export, Vietnam Steel Corporation, Vinatex, Vinatex, Vietnam National Construction Consultants Corporation, LICOGI Corporation, Vietnam Fisheries Corporation, and Pha Lai Thermal Power.
SCIC retains ownership of 100% of SCIC Investment Co., Ltd., and maintains stakes in other businesses aligned with its investment strategy. The divestment list is expected to provide a potential supply source for the stock market in the coming years, while the plan also highlights a broader restructuring of its investment portfolio.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
