6PM Call: SCIC’s Divestment Delays - Update on wholesale industry
It seems that SCIC could not keep up with the schedule announced on November 11 as the expecting announcing day for the starting prices of 3/4 companies has already passed. According to the new schedule, SCIC would start to sell its shares in DMC in December 2017, and continue to complete documents for the divestment from NTP, BMP, and FPT in the same month. DMC rose 4.6% in today session as it is the only company that SCIC able to complete the divestment within this year, while NTP (-2.4%), BMP(-1.1%) and FPT (-1.5%) all declined. Investors may refer to our BMP and FPT’s reports here in order to make proper decisions.
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