Vietnam’s State Capital Investment Corporation (SCIC) said on Monday that it would not look for strategic investors when selling a 9 percent stake in Vinamilk, the country’s biggest listed firm, next month.
SCIC, which represents the state and owns 44.7 percent of the Vinamilk, has not decided the time for selling its remaining stake in the state-controlled dairy firm, SCIC Chairman Nguyen Duc Chi told a conference to introduce the sale set for Dec. 2.
He said F&N Dairy Investment, backed by Thai beer billionaire Charoen Sirivadhanabhakdi and which now owns 10.95 percent of Vinamilk, has not submitted any offer to buy more stakes in the firm.
By Mai Nguyen
Free-from is becoming much more mainstream, moving beyond food allergens and intolerances. While it’s still vital to innovate products for lactose intolerance, gluten allergies and so forth, the umbrella term of free-from has taken on many different meanings.
Arla Foods Ingredients (AFI) is targeting infant formula, sports nutrition and medical nutrition with its new patented milk fractionation technology that separates milk proteins from whey, bypassing the need to make cheese. The Denmark-based company says this move enables scientists, nutritionists and health professionals to create “next-generation” dairy products.
Located in Ma’anshan, Anhui province, the facility has the potential to produce an estimated 150 million litres of oat-based products annually at full capacity. The opening comes just a few months after Oatly – which claims to have established a new Chinese character for ‘plant-based milk’ – inaugurated its first Asian factory in Singapore.