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This makes JC & C Thaco’s fifth largest strategic shareholder with a total investment capital of US$77 million, accounting for 20 percent of the group’s total shares. Thaco was established in Bien Hoa II Industrial Zone in southern Dong Nai province in 1997 with an automobile assembly plant producing 5,000 units per year. It has recently put into operation another plant in Chu Lai Economic Zone, central Quang Nam province. JC&C started up business in Malaysia in 1899, moved its headquarters to Singapore in 1926 and is holding a 50.1 percent stake in Astra International Tbk – one of the leading automobile groups in Indonesia and Southeast Asia. … [Read more...] about Thaco builds up partnership with Singapore’s Jardine Cycle & Carriage

Vinamilk is the largest stock by market capitalisation in Vietnam, valued at US$8.6 billion as on December 8. The Singapore-based F&N Dairy Investment Pte. Ltd. and F&N BEV Manufacturing Pte. Ltd. are subsidiaries of Fraser &Neave Ltd., whose CEO Lee Meng Tat is a member of Vinamilk’s management board. Each company is picking up 39.19 million shares, or 2.7% of Vinamilk’s shares, according to the HCM Stock Exchange (HOSE). This is maximum volume of shares each investor is allowed to buy in the forthcoming December 12 auction. Trading will be conducted based on competitive auctions, negotiated trade and put-through trade, from December 12, 2016, to January 10, 2017. F&N Dairy Investment is currently Vinamilk’s largest foreign shareholder, with an ownership of 10.95%. The group has been investing in Vinamilk since 2005 and its holding of Vinamilk shares is now worth around US$1 billion. The State Capital Investment Corporation (SCIC) holds the … [Read more...] about Fraser & Neave to buy more Vinamilk shares

Trading is expected to be conducted based on one of the two norms of negotiated trade and put-through trade, from December 30, 2016, to January 27, 2017. After this transaction, the company will increase its holdings in Vinamilk to 220 million shares, equalling a 15.15 % stake. Previously, F&N Dairy Investment Pte., Ltd. and F&N Beverages Manufacturing Sdn., Bhd., another 100 %-owned subsidiary of F&N, spent VND11.3 trillion ($499.56 million) on buying 78.38 million shares, equalling a 5.4 % stake, in Vinamilk. After the auction, F&N increased its holdings in Vinamilk to 16.35 %, including the 13.65 and 2.7 % stakes of F&N Dairy Investments Pte., Ltd. and F&N Beverages Manufacturing Sdn. Bhd, respectively. According to its consolidated financial report, in the nine months of this year, Vinamilk earned VND35.1 trillion ($1.55 trillion) in revenue with VND7.5 trillion ($330.4 million) in after-tax profit. The company expects to earn VND46.2 trillion ($2.04 … [Read more...] about F&N subsidiary fishing for more Vinamilk shares

Vietnam has sold nearly 8,800 tons of pork earning $44 million; 17,800 tons of poultry netting $18.8 million; 7.4 million eggs making $1.4 million. Additionally, exports of 23,000 tons of honey also generated $28.7 million, dairy products produced $230 million and animal feed material brought $516 million home. As of end of 2018, the country legally exported 171 batches of processed chicken weighing 1,080 tons to Japan earning nearly $6 million. In eight first months of the year, Vietnam sold 1,200 tons of processed chicken. Nine Vietnamese exporters have sold eggs and salted eggs to Singapore, Japan, South Korean, Cambodia and Laos. In addition, exporters also sold breeding eggs to Myanmar. BY THANH HAI - Translated by ANH QUAN Tags: Husbandry export eggs salted eggs Singapore Japan South Korean Cambodia … [Read more...] about Husbandry export hits US$850 million

After a fiery overnight stand-off, some protesters tried to leave - but were met with tear gas. Police are surrounding a Hong Kong university campus after a fiery overnight stand-off with hundreds of protesters inside. Dozens of protesters tried to leave after sunrise but turned back as police fired tear gas and rubber bullets. The police said tear gas was fired because "a large group of masked rioters...suddenly charged at cordons". Earlier, police tried to enter Polytechnic University (PolyU) but were met with petrol bombs and bricks. The acting president of PolyU's student union Ken Woo told broadcaster RTHK that at least 500 people remained inside the campus.  He said fresh water was available, but food supplies were running low. Demonstrators have been occupying the site for days, as Hong Kong's violent protests continue to escalate. On Monday afternoon, police said protesters could leave the campus via Cheong Wan Road South Bridge - but urged them to drop their weapons and … [Read more...] about Hong Kong protests: Police surround campus after night of violence