Vietnam Airlines to sell 191 million shares to shareholders

CII said the deal was valued at more than VND1.95 trillion.CII expected MPTC’s investment would help develop CII B&R into a leading investor and operator of infrastructure projects as CII has experience in investing in bridge and road projects in Vietnam and MPTC’s strong advantage to operate and maintain bridges and roads.CII chairman Le Vu Hoang said comprehensive restructuring has been carried out since the end of 2013 to turn the company into a business group with five subsidiaries specializing in bridges and roads (CII B&R), water (CII Water), engineering and construction (CII E&C), real estate (CII Land), and infrastructure…... [read more]

Sai Gon-Ha Noi Bank (SHB) will issue 100 million shares worth VND1 trillion (US$ 43.8 million) to shareholders under its merger plan with Vinaconex-Viettel Finance JSC (VVF), the bank announced in a statement on Monday.The sale aims to convert all VVF shares into SHB shares at a 1:1 ratio and at a price of VND10,000 per share. SHB will restructure VVF to turn it into SHB Consumer Finance Co Ltd, operating in consumer credit.According to SHB, the date on record for VFF’s shareholders to register to make the share swap is January 12, 2017. Following the merger, SHB’s chartered capital…... [read more]

According to newswire CafeLand, in the first phase, Techcombank will issue 70 million shares at the initial price of VND30,000 ($1.32) apiece. The sale is expected to take place between September and October or when the bank receives approval from State Securities Commission of Vietnam. In the second phase, the bank will sell the remaining 430 million shares, aiming to add VND4.3 trillion ($189.27 million) to its chartered capital. The time for the sale will be decided after Techcombank completes the first round.If successful, Techcombank’s chartered capital will increase from VND8.8 trillion ($387.69 million) to VND13.8 trillion ($607.96 million) after…... [read more]

HA NOI (Biz Hub) — The Vietnam Sea Products Corporation Company Limited (Seaprodex) sold more than 45.17 million shares in its initial public offering (IPO) at the HCM City Stock Exchange on December 12.The number of shares sold amounted to more than 75 per cent of the total number of shares. Seaprodex, which has VND1.25 trillion (US$59 million) in charter capital after equitisation, offered 60,826,400 shares for an initial price of VND10,100 (US$0.4) each.The company earned VND456.2 billion ($21.7 million), or 36.13 per cent of its charter capital, after selling the shares to 55 investors. The highest auction price paid…... [read more]

Country’s flagging carrier Vietnam Airlines (VNA) has officially started a new sale program for domestic routes on Lunar New Year holidays 2016.(Photo: SGGP)Accordingly, passengers will have opportunity to buy one-way tickets for domestic routes from Ho Chi Minh City to Buon Ma Thuot/Nha Trang/Pleiku/Da Lat/Quy Nhon/Dong Hoi at VND 299,000; from Ho Chi Minh City to Da Nang/Hue routes at VND 399,000; and from Ho Chi Minh City to Hanoi/Hai Phong/Vinh/Thanh Hoa at VND 599,000  during most of October.Flights are scheduled to depart on February 1- 7 (before Lunar New Year) and on February 11- 16 (after Lunar New Year).By…... [read more]

The Infrastructure Development and Construction Corporation (Licogi)plans to sell nearly 21.27 million shares during its initial publicoffering (IPO) on April 12 at the Hanoi Stock Exchange.Accordingto the northern bourse, the shares will be auctioned at an initialprice of 10,000 VND (0.48 USD) per share, and the charter capital of thecompany is expected to reach 900 billion VND (42.86 million USD) afterits privatisation.The Government had adopted a plan to equitiseLicogi in December, 2014. The 21.27 million shares sold during the IPOwill represent 23.63 percent of the firm's total equity, while the Statewill hold 36 million shares, or a 40 percent stake.…... [read more]

HA NOI (Biz Hub) — The Ha Noi Construction Corporation (Hancorp) will sell nearly 50 million shares in the corporation's initial public offering (IPO) this year.Hancorp's chairman Nghiem Sy Minh announced the company's plan in a meeting with the investors held on February 25.He said that each share would be worth VND10,200( US$0.48).At present, Hancorp has invested in 14 associated companies with a total investment of VND1.182 trillion($56.285 million).According to the equitisation plan of Hancorp which was approved by the Prime Minister in the Decision 28/QD-TTg in January 2014, the IPO will help Hancorp increase its charter capital from VND1.2…... [read more]

HCM CITY (Biz Hub) — Ba Ria Rubber Company Limited will sell nearly 20 million shares during an initial public offering (IPO) on March 11, the HCM Stock Exchange (HOSE) announced on Friday.The starting price for the IPO is VND12,610 (US$0.56) per share, and brokerage firms seeking to represent Ba Ria Rubber Co Ltd in the IPO must sign up at HOSE by the end of February 2. Ba Ria Co Ltd grows and processes rubber, sells rubber latex, exploits wood and manufactures rubber products. The company was founded in 1994 and has a capital of VND1.1 trillion ($50 million).…... [read more]

This is part of the report on the results of restructuring Vietnam Airlines in the 2013-16 period and the plan from 2017 to 2020, which has just been sent to relevant bodies for approval. About 430 million shares of the State will be divested to a tough 51%. The roadmap to reduce State ownership in the company is divided into two stages. Specifically, in the 2017-18 period, Vietnam Airlines will complete the increase of charter capital by issuing an additional 191.191 million shares to existing shareholders and transfer the right to purchase 57.9 million shares, which has been approved by…... [read more]

National carrier Vietnam Airlines plans to issue more than 191 million shares to current shareholders to fund the purchase of new airplanes and other business activities.At the carrier’s annual shareholder meeting on Tuesday, it was said that the 191 million shares with a par value of VND10,000 (44 US cents) per share could be sold in the fourth quarter or at any other time that the management board decides.Current shareholders will have the right to buy the shares at a rate of 15.5 per cent, meaning that an investor will be able to one additional share for every 15.5 shares…... [read more]