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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » VIETNAM PRESS-Thong Nhat to buy majority stake in state tea firm-Vietnam Economic Times

VIETNAM PRESS-Thong Nhat to buy majority stake in state tea firm-Vietnam Economic Times

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http://www.reuters.com/article/2015/08/03/vietnam-press-thong-nhat-pi-idUSL3N10E1DU20150803

Vietnam's farm ministry has allowed Thong Nhat Production and Investment Co to buy 63.74 percent in registered capital of Vietnam Tea Corp (Vinatea), the country's biggest tea exporter, the Vietnam Economic Times newspaper reported, without citing any sources.

Thong Nhat will buy the stake immediately after Vinatea launches its planned $5.36 million initial public offering for 31.86 percent of the company, the report said, without giving a date for the float.

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