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CMSC buys 165 million shares of Vietnam Airlines

The Commission for the Management of State Capital at Enterprises (CMSC) has bought nearly 165 million shares of the national flag carrier Vietnam Airlines, bringing its total stake to more than 1.22 billion shares, according to the Hanoi Stock Exchange.
CMSC buys 165 million shares of Vietnam Airlines ảnh 1A Vietnam Airlines aircraft at Noi Bai International Airport (Photo: VNA)
Hanoi (VNA) – The Commission forthe Management of State Capital at Enterprises (CMSC) has bought nearly 165million shares of the national flag carrier Vietnam Airlines, bringing itstotal stake to more than 1.22 billion shares, according to the Hanoi StockExchange.

The volume of shares is equivalent to 86.16 percentof Vietnam Airlines, which is listed as HVN.

Earlier, the carrier announced the issuance ofmore than 191.19 million shares to existing shareholders at the price of 10,000VND (0.4 USD) per share.

The Ministry of Transport, which represented theState in the ownership of HVN shares before they were transferred to the CMSC,was allocated more than one trillion buying rights. It then decided to put upmore than 371.5 million buying rights for auction with a starting price of 6,026VND each.

At the end of the registration period, only nineindividuals registered to buy 272,000 buying rights. However, no investor cameto buy the rights and to receive the deposit.

In the trading session on December 25, HVN stockswere traded at 32,000 VND per share.-VNA
VNA
#Commission for the Management of State Capital at Enterprises #CMSC #Vietnam Airlines #national flag carrier #Hanoi Stock Exchange #Ministry of Transport #vietnamplus #Vietnam News Agency
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