VIETNAM PRESS-Thong Nhat to buy majority stake in state tea firm-Vi...

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Vietnam's farm ministry has allowed Thong Nhat Production and Investment Co to buy 63.74 percent in registered capital of Vietnam Tea Corp (Vinatea), the country's biggest tea exporter, the Vietnam Economic Times newspaper reported, without citing any sources.

Thong lam visa di nhat will buy the stake immediately after Vinatea launches its planned $5.36 million initial public offering for 31.86 percent of the company, the report said, without giving a date for the float.

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NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 21,815 dong) (Compiled by Hanoi Newsroom; Editing by Subhranshu Sahu)

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