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
Cécile Béliot has assumed the role of Bel Group chief executive officer, following the decision to separate the roles of chairman and CEO. The separation of the functions will enable Bel Group to develop in three areas of healthy snacking. Meanwhile, the company’s former CEO, Antoine Fiévet, has had his mandate renewed as chairman of the board.
US Food and Drug Administration (FDA) Commissioner Dr. Robert Califf was grilled by lawmakers during a House Appropriations subcommittee hearing, where he was slammed over the agency’s handling of the escalating infant formula shortage.
Sweegen is ramping up its efforts to reduce sugar across F&B applications while simultaneously tapping into the benefits of using antioxidants and bitter blocking technology. Speaking to FoodIngredientsFirst, Casey McCormick, vice president of global innovation at Sweegen, says product developers can find a broad range of solutions in Sweegen’s nature-based sweetener systems as brands elevate better-for-you foods.