The Viet Nam Dairy Products Joint Stock Company (Vinamilk) plans to issue almost 9 million shares on the Singapore Exchange this year, according to Vinamilk's Board of Directors.
The plan will be high on the agenda of the company's shareholders meeting slated for the end of this month.
Vinamilk is scheduled to float more than 8.85 million shares, worth about 5% of the company's chartered capital, on the Singapore Exchange within this year under permission granted by the State Securities Commission of Viet Nam on Nov. 15, 2006.
Founded in 1976, Vinamilk has become a leading business in the country's milk processing industry. It now occupies 75% of the country's milk market share and its products are exported to the US, France, Canada, Poland, Germany, Southeast Asia and many countries worldwide
Source: VNA
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