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Update news OCBC
BUSINESS IN BRIEF 30/11
Local sugar industry under heavy pressure; OCBC sells its shares at VPBank for local investors; Commercialisation of high potential technology promoted; Vietnam looks to good fortune in cacao development
Singaporean bank withdraw funds from VPBank
VPBank has parted its only foreign strategic shareholder – Singaporean bank Oversea-Chinese (OCBC) after this partner sold all of its shares at VPBank (more than 85.8 million shares), equivalent to nearly 15 percent of the charter capital.
