VIETNAM: National chemical group sells rubber shares

At the price of VND60,000 (US$2.87) per share, the total value of the transaction was worth VND400 billion (nearly US$20 million).

After the deal, Vinachem still holds a dominant stake of 50.5 per cent in the rubber processor.

Under the Government's scheme to restructure Vinachem during the 2012-15 period, the group would divest from some companies such as insurer Bao Minh and Vietnam Industrial and Commercial Securities Corporation (VIG).

Source: Daily "Vietnam News", Hanoi; 8 Feb 2013(Syed Rashid Ali, Karachi, Pakistan)