Big State corporations put off equitisation
Vietnam Airlines and Viglacera Corp. have announced that they have no
plans to sell shares to the public from now till the end of the year.
Vietnam Airlines and Viglacera Corp. have announced that they have no
plans to sell shares to the public from now till the end of the year.
Vietnam Airlines made plans to value their business prior to equitisation in April, but this work has now been delayed until the end of this year.
Meanwhile, the construction materials company, Viglacera, has said it is focusing on improving business performance. It has not stated when any equitisation may take place.
I
n 2013, 11 corporations under the management of the Ministry of Transport made plans for equitisation. So far, none of them have completed the work.
Many have stressed the complex nature of the business valuation progress, noting that initial public offering (IPO) cannot go ahead until this process has been fully done.-VNA
Vietnam Airlines made plans to value their business prior to equitisation in April, but this work has now been delayed until the end of this year.
Meanwhile, the construction materials company, Viglacera, has said it is focusing on improving business performance. It has not stated when any equitisation may take place.
I
n 2013, 11 corporations under the management of the Ministry of Transport made plans for equitisation. So far, none of them have completed the work.
Many have stressed the complex nature of the business valuation progress, noting that initial public offering (IPO) cannot go ahead until this process has been fully done.-VNA
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