Investment firm to sell out government stakes in FPT, other companies

With FPT’s shares trading at around VND134,500 (US$5.28) on the stock market, SCIC’s sale of the government’s 5.8% stake will generate VND8.5 trillion ($334 million).

SCIC also plans to sell 37.1% of Tien Phong Plastic and 87.3% of Vietnam National Construction Consultants Corporation.

SCIC saw its pre-tax profit double to VND5.65 trillion last year.

As of earlier this year it owned stakes in 113 businesses.