Fraser & Neave (F&N)

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  • #15484

    Questions

    For companies in Vietnam, like Vinamilk, are there govt limit for foreign ownership?

     

    – Asked by participant during Weekly Market Outlook (19 Mar 2018)

    #15485

    Research Department

    Thank you for the question!

    Yes. Foreign ownership is capped at 49%. Currently, F&N holds 19.95% stakes in Vinamilk, while Jardine C&C holds another 10%. F&N plans to continue to accumulate Vinamilk’s shares via open market transactions or further divestments from Vietnam government.

    It is also the reason why foreign companies (not only F&N and ThaiBev, but Jardine C&C and Carlsberg) are willing to pay a premium to gain access into the management board of these companies.

    – Soh Lin Sin, Investment Analyst

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