Price for rights to buy Vietnam Airlines shares announced

The Ministry of Transport expects to collect at least 2.235 trillion VND (98.45 million USD) from the sale of more than 371.53 million rights to buy preference stakes in the Vietnam Airlines Corporation.

Illustrative image (Source: Vietnam Airlines)

Illustrative image (Source: Vietnam Airlines)

The ministry fixed the price for each right to purchase shares of Vietnam Airlines (HVN) at 6,026 VND.

For every 100 rights, 15.57 shares of Vietnam Airlines are purchased at a price of 10,000 VND each. 

Earlier, the Ministry of Transport asked the representative of State stake in Vietnam Airlines to draft plans to reduce State ownership to 51 percent of the national flag carrier’s charter capital in 2019.

The ministry said these plans should be based on the corporation’s business and development investment strategies as well as the stock market situation and capital demands.

The plans must contain implementation methods and progress, and assessments of interests of the State and the enterprise.

Vietnam Airlines has chartered capital of nearly 12.28 trillion VND, of which the State holds 1.057 billion shares, equivalent to 86.16 percent of the charter capital. Of the remaining shareholders, ANA Holdings Inc, Japan’s largest aviation group, holds 107 million shares, nearly 8.8 percent of charter capital.

Vietnamplus

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).