Vinalines’ restructuring plan approved

Prime Minister Nguyen Xuan Phuc has approved a plan on the restructuring of the mother company of Vietnam National Sipping Lines (Vinalines) in the form of selling State capital and issuing more stocks to increase its charter capital.

Illustrative photo (Source: VNA)

Illustrative photo (Source: VNA)

Vinalines’ current charter capital is more than 14.04 trillion VND. It owned 1.4 billion shares at the price of 10,000 VND each. Of the total, 912.933 million shares, or 65 percent of the firm’s charter capital, belong to the State.

More than 2.29 million shares, or 0.16 percent of the charter capital, will be sold to labourers of the firm, while some 207.89 million shares, 14.8 percent of charter capital, will be sold to strategic investors.

The number of shares designated for open auction is nearly 281 million, accounting for 20 percent of Vinalines’ charter capital.

The adjustment in the structure of Vinalines’ charter capital following share sales was first implemented in November 2017.

The initial price for one share of Vinalines is 10,000 VND (0.44 USD) per share.

The IPO will be launched in the form of auction through the Hanoi Stock Exchange.

Vietnamplus

Other news

Most view

Storm Son Tinh to weaken into tropical low-pressure on July 19

Storm Son Tinh to weaken into tropical low-pressure on July 19

According to the national center for Hydro Meteorological Forecasting, the 3rd storm  Son Tinh at 16pm July 18 centered at 18.8 degrees latitude, 107.5 degrees east longitude, on the Tokin Gulf, 190km from Thanh Hoa to Quang Binh provinces.


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

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

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.