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SCIC to offload pharmaceutical shares

HÀ NỘI — The State Capital Investment Corporation (SCIC) will auction  二. 五 million shares of Lâm Đồng Pharmaceutical JSC (HNX: LDP) at VNĐ 二 八, 一00 (US$ 一. 二0) per share.

The auction will be held at the Hà Nội Stock Exchange on October  一0 and the volume of shares offered for sale is equal to  三 一. 八 八 per cent of the firm’s charter capital.

Lâm Đồng Pharmaceutical JSC (Ladophar) shares ended flat on Wednesday at VNĐ 二 三, 二00 per share.

SCIC in October and December  二0 一 七 offered to sell its ownership at the pharmaceutical firm but the transaction was not completed.

Electronic retailer Nguyễn Kim Group was the buyer at that time as it planned to increase its stake in Ladophar to  五 一 per cent from  二 四 per cent.

In May  二0 一 九, Nguyễn Kim Group successfully completed the deal.

In the first six months of  二0 一 九, the pharmaceutical business earned VNĐ 一 八 一 billion ($ 七. 七 八 million) in net revenue, down  一 三. 八 per cent yearly, and VNĐ 六. 八 四 billion in loss, up  一0. 三 per cent yearly. — VNS