Standard Chartered proposes cooperation in state capital withdrawal, equitization of state-owned enterprises
CMSC On November 6, 2019, Vice Chairman of the Commission for the Management of State Capital at Enterprises (CMSC) Ho Sy Hung received and worked with a delegation from the Standard Chartered group, led by Mr. Ralf Pilarczyk, Head of M&A for ASEAN.
Giving a brief introduction on Standard Chartered, Mr. Ralf Pilarczyk said it is a leading international banking group with 150 years of experience and about 86,000 employees, operating in various dynamic markets worldwide. Standard Chartered’s customers include individuals, organizations and businesses that want to promote investment and trade activities.
|Mr. Ralf Pilarczyk – Head of M&A for ASEAN at Standard Chartered|
Standard Chartered Bank has been operational in Vietnam since 1904. It has cooperated with major organizations, state-owned enterprises, and public customers of ministries, departments and sectors to implement tasks related to bond consultancy and credit rating.
Mr. Ralf Pilarczyk said that after the Prime Minister issued Decision 26/2019/QD-TTg approving the list of state-owned enterprises to undergo equitization until the end of 2020, Standard Chartered has shown their wish to provide consultancy for the equitization of Vietnamese state-owned enterprises.
|Mr. Ho Sy Hung, Deputy Chairman of the Commission for the Management of State Capital at Enterprises|
Highly appreciating Standard Chartered’s goodwill, CMSC Vice Chairman Ho Sy Hung said that the Commission wants the equitization of state-owned enterprises to meet international standards to attract foreign investors.
Vice Chairman Ho Sy Hung also talked with Standard Chartered’s representatives about the experiences in withdrawing state capital from enterprises and attracting investors as well as in enhancing transparency of state capital withdrawals. He requested Standard Chartered to provide the Commission with instructions on state capital withdrawal through auctions.