The shares, or about 20% of the firm’s chartered capital, with the initial price of VND14,400 (US$0.633), were sold to 1,981 investors at the average price of VND14,938 per share, with the highest bidding price at VND28,000 and the lowest at VND14,500. PV Power, the country’s second largest state-run electricity producer, was found in 2007 and fully-owned by the Vietnam National Oil and Gas Group (PetroVietnam). It operates eight power companies and electricity plants with a total installed capacity of 4,208.2 MW, capable of supplying about 21 billion kWh per year, or 12% of the country’s total power output. The corporation earned approximately VND31 trillion (US$1.36 billion) in revenue in 2017. Its pre-tax profit hit over VND2.5 trillion (US$110 million), 83% higher than the yearly target. It is taking all necessary steps to hold the first shareholders’ meeting and register to be listed in the UPCOM within 3 months after the IPO day. It will also sell more than 676 million shares, equivalent to 28.88% of its capital, to strategic investors.
But Son cement firm sells 3 million shares (12-01-2006) HA NOI — Viet Nam Cement Corporation (VNCC) sold over three million shares of But Son Cement Company in auctions held yesterday at the Ha Noi and HCM City securities trading centres, according to the Ha Noi Securities Trading Centre (HSTC). The shares, with a face value of VND10,000 and an initial price of VND11,000, sold accounted only for a small part of the 22 million shares up for sale yesterday. The total value of the shares sold was about VND220 billion (US$13.8 million), accounting for 20 per cent of the…... [read more]
VPBank has been given the nod to sell 75 million shares to the public from June 22 to July 18. The bank expects to double its chartered capital to 1.5 trillion VND (93.7 million USD) through the offering. It has been allowed to raise its chartered capital to 2 trillion VND (125 million USD) this year. By the end of June, VP Bank's asset value is expected to surpass 12 trillion VND (750 million USD) and its pre-tax profit is to reach 140 billion VND (8.7 million USD). In the first quarter of the year, VPBank was listed by the…... [read more]
HCM CITY (VNS) — Hoang Anh Gia Lai Agricultural Joint Stock Company (HAGL Agrico) will sell 59 million shares to strategic investors at the price of VND28,000 per share to gain VND1.65 trillion (US$73.3 million). The income from this deal will be spent on making additional investments for the company's projects. HAGL Agrico has approved two strategic investors for this deal, which are Cuong Thinh Rubber Investment Company Limited and An Thinh Rubber Investment Company Limited. The two companies will buy 27.5 million shares and 31.5 million shares in the deal, respectively. The deal will be carried out after the…... [read more]
The Hanoitimes - At present, the government is holding 255 million shares, representing 51% chartered capital of VINAFOOD II. The Deputy Prime Minister Vuong Dinh Hue signed the Decision No. 2133/QD-TTg approving the equitization plan for Vietnam Southern Food Corporation Limited (VINAFOOD II). VINAFOOD II is specialized in the field of trade, food import, and export, processed food, agricultural products, and storage. The company currently owns the distribution system throughout the southern provinces of Vietnam. The company currently owns the distribution system throughout the southern provinces of Vietnam Currently, VINAFOOD II’s chartered capital is 5 trillion VND (roughly 220.51…... [read more]
Illustrative image (Source: Vietnam Airlines) Hanoi (VNA) – The Vietnam Airlines Corporation has announced that it will issue over 191 million shares for existing shareholders at 10,000 VND each to increase its chartered capital. Proceeds will be used to invest in the company’s Boeing 787 and Airbus 350 fleet and raise its floating capital. The decision was approved at an annual meeting of shareholders in June 2017. According to Vietnam Airlines, State shareholders will also sell more than 57 million call options, or 4 percent of the stake. The State will reduce its stake in the corporation to 51…... [read more]
