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Vietnam’s largest listed firm could look for buyers for Vinschool, a private school business, and Vinmec, a chain of private hospitals, the sources told Reuters.

The conglomerate has not appointed any advisers for the stake sales so far, but in its informal talks two buyers have shown interest in the two businesses, the sources said.

A third source aware of the matter said Vingroup has received preliminary interest, and the controlling stakes could fetch roughly $1.5 billion. The source said the interest was rejected.

It is also planning to raise as much as $1.1 billion in debt before the year-end for refinancing existing debt, one of the sources said.

The sources declined to be identified because they were not authorised to speak to the media. In a statement, a Vingroup spokesman said the company had no plans to sell stakes in Vinschool or Vinmec, which it said play “important roles in the Vingroup Eco System”.