SCIC to Divest in 200 Enterprises in Jul-Dec 2009

The State Capital Investment Corporation (SCIC) reported to make total revenues of over VND1,039.17 billion and a pre-tax profit of VND868 billion in the first half of 2009.

In the first six months of the year, SCIC sold state equity in 66 companies, including complete sell-off in 60 enterprises. The corporation also bought 10 per cent into Quang Ninh thermo-power plant expected to come into the national grid by this September. SCIC is also implementing several investment projects like Long Thanh international airport project in Dong Nai province, Thu Thiem financial hub in HCM City and Finance Tower project in Hanoi.

 

As planned, the corporation will cut state capital in 200 companies in 2009. SCIC is managing State equity in 2,300 enterprises. By the end of 2012, it will hold around 100 large concerns.