Nov 9 (Reuters) - Vietnam’s State Capital Investment Corporation (SCIC) on Thursday set a minimum price for a 3.33 percent stake sale in dairy firm Vinamilk at 151,200 dong per share ($6.66 each), it said in a statement.
That was based on a Thursday close at 162,500 dong ($7.15 each) and a 7 percent trading band allowed on the exchange.
The sale, expected on Nov. 10, is part of the government’s plan to divest from state-owned enterprises.
A successful stake sale would reduce state ownership in Vinamilk, Vietnam’s biggest listed firm, to 36 percent, enough to retain veto rights.
$1 = 22,712 dong Reporting by Mi Nguyen; editing by Jason Neely