• Skip to content
  • Skip to primary sidebar
  • About Us
  • Privacy Policy
  • Disclaimers
  • DMCA
  • Contact Us
  • Submit your story

Talk Vietnam

Update Vietnam latest news

You are here: Home / Corporate / JC&C to pour $170 million into THACO

JC&C to pour $170 million into THACO

February 12, 2019 by vir Leave a Comment

After Vinamilk, Jardine Cycle & Carriage (JC&C) is planning to splash out on Truong Hai Auto Corporation (THACO), helping it raise its charter capital to VND16.95 trillion ($737 million). THACO will seek shareholders’ approval to issue private shares to JC&C THACO’s board of management has just approved to collect shareholders’ opinion on issuing private shares. Accordingly, THACO will ask for approval to issue more than 30.3 million shares for the strategic shareholder Jardine Cycle & Carriage (JC&C), a Singaporean company represented by Cheah Kim Teck. The offering price is estimated at VND128,500 ($5.59) per share. The total mobilised capital will be more than VND3.894 trillion ($169.304 million). After the issuance, JC&C’s ownership in THACO will rose to 26.57 per cent (from 25.23 per cent). The new stock will not be transferable for one year after the offering. Before this deal, at the end of 2017, JC&C spent more than $400 million to buy around 49 million shares of Vietnam Dairy Products JSC (Vinamilk) (code: VNM). The total capital JC&C poured into Vinamilk has been estimated at $1.017 billion for 129.1 million shares. JC&C is now the third largest shareholder of Vinamilk (following State Capital and Investment Corporation – SCIC and F&N Dairy Investment owned by Thai billionaire Charoen Sirivadhanabhakdi). Moreover, during last year, JC&C repeatedly registered to buy dozens of millions of additional VNM shares. The new shares of THACO are expected to be issued in 2019, right after the State Securities Commission (SSC) announces receiving the full documentation for… [Read full story]




  • IPP Group to pour $440 million into Van Don SAEZ
  • Vietnam has 170 million phone subscribers
  • Bao Viet revenues near $170 million in '06
  • U.S. invests $170 million in late-stage Ebola vaccines, drugs
  • Branch of Thailand's Six Senses to pour $40 million into resort
  • Switzerland pours $5 million into green technology fund
  • Global fund provides USD 170 million for HIV/AIDS prevention in Vietnam
  • Foreign investors pours $321 million into VSIP Quang Ngai
  • Hanoi to pour USD339 million into 2.2-kilometre-road
  • U.S. investment fund pours $200 million in Masan

Filed Under: Corporate thaco, Truong Hai Auto Corporation, JC&C, Vinamilk, stocks, investment, FDI, Corporate

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Primary Sidebar

Categories

art-entertainment ASEAN business Cinet Corporate Culture Culture photo Culture TV All videos development East Sea Economic Economy education environment Finance Foreign Affairs government HCMC Ho Chi Minh City Home International INVESTMENT Laws Life Nation News People Photo Politics Social Affairs society Southeast Asia sports Style The Government The Vietnamese Topics Tourism Trade travel Uncategorized Vietnam Viet Nam News World World News

Recent Posts

  • VN-Index rises for fourth session
  • Cold spell forecasted for the northern region
  • This movie has 10 Oscar nominations. Its official box-office haul so far: $0
  • At least 70 dead in Dhaka fire that ripped through apartment blocks
  • WB asked to support Vietnam’s improvement in PPP institutions
  • Kookmin Bank opens first branch in Hà Nội
  • V.League receives big sponsorship deal
  • German band to kick off New Music series in Hà Nội
  • Residents block garbage trucks in Quảng Trị over pollution concerns
  • Metfone revenue tops $2.2 billion over 10 years in Cambodia

Copyright © 2019 Talk Vietnam. Power by Wordpress.