Viettel Post sets IPO in March

Viettel, a leading telecoms corporation in Vietnam, is scheduled to sell almost 1.53 million shares of its subsidiary Viettel Post in the first public offering (IPO) on March 27, the Hanoi Securities Trading Center has announced.

According to the statement, 1,525,600 shares of Viettel Post will be sold via auction starting from VND10,100 each.
Hanoi-based Viettel Post has a chartered capital of VND60 billion (US$3.53 million), the stock exchange said.

The company’s operations include distributing mails, parcels, goods, and publications, trading telecoms equipment, selling phone cards, printing, and supplying logistics services.

By Nguyen Huu

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