NBB - MARKET PERFORM - CII takeover unlikely as sales at City Gate Towers project is well on track - AGM Note
  • 24 Apr 2015
  • Company Research
CII has proposed a takeover of NBB or an increase in its stake from 23% up to 45%. NBB is under financial duress due to a tight cash position (~VND10bn) and delays in the VND130bn divestment of the Titanium mine. The company will be vulnerable to a takeov