Vietnam Airlines proposes VND22,300 per share in IPO

The national flag carrier Vietnam Airlines propose to sell their shares at VND22,300 each at an initial public offering.

A Vietnam Airlines aircraft landing (Photo: SGGP)

The proposal was a part of the groups’ equitization project which the Ministry of Transport submitted Prime Minister Nguyen Tan Dung on June 27.

According to the project, the company’s book value is VND57,156 billion (US$2.68 billion).

The group’s charter capital is expected to be VND14,102 billion. In the IPO, the State will hold 75 percent of the charter capital, 20 percent will be sold to strategic investors, 3.47 percent will go under the hammer and the rest will be offered to its staff.

The carrier shares will be listed on the Ho Chi Minh City Stock Exchange.

By Bich Quyen – Translated by Hai Mien

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