The Prime Minister has approved the plan to equitise the Vietnam National Seaproducts Corporation (Seaprodex).
Under the plan, Seaprodex’s total value for equitisation is more than 1.48 trillion VND (70.47 million USD), including more than 1.37 trillion VND (65.14 million USD) owned by the State, part of which will be sold.
After equitisation, the company’s charter capital will stand at 1.25 trillion VND (more than 59.52 million USD), 51 percent of which will be owned by the State.
Out of the remaining capital, 423,600 shares or 0.34 percent of the chartered capital will be sold to the firm’s employees at preferential prices. Another 60.8 million shares, 48.66 percent of the chartered capital, will be put up for public auction.
From 2015 onwards, the State-owned shares in Seaprodex are scheduled to be divested to account for less than 51 percent of the chartered capital.
The PM tasked the Minister of Agriculture and Rural Development with the organisation of the auction of shares and the stock market listing for Seaprodex.
In addition to the parent company, Seaprodex currently owns five affiliates, five partner companies and a joint venture.
In recent years, the company’s consolidated revenue totalled approximately 3.5-3.6 trillion VND (more than 165 million USD) a year.
In 2013, the corporation recorded 3.46 trillion VND (more than 164.71 million USD) in net revenue and 105 billion VND (5 million USD) in pre-tax profit.-VNA
Under the plan, Seaprodex’s total value for equitisation is more than 1.48 trillion VND (70.47 million USD), including more than 1.37 trillion VND (65.14 million USD) owned by the State, part of which will be sold.
After equitisation, the company’s charter capital will stand at 1.25 trillion VND (more than 59.52 million USD), 51 percent of which will be owned by the State.
Out of the remaining capital, 423,600 shares or 0.34 percent of the chartered capital will be sold to the firm’s employees at preferential prices. Another 60.8 million shares, 48.66 percent of the chartered capital, will be put up for public auction.
From 2015 onwards, the State-owned shares in Seaprodex are scheduled to be divested to account for less than 51 percent of the chartered capital.
The PM tasked the Minister of Agriculture and Rural Development with the organisation of the auction of shares and the stock market listing for Seaprodex.
In addition to the parent company, Seaprodex currently owns five affiliates, five partner companies and a joint venture.
In recent years, the company’s consolidated revenue totalled approximately 3.5-3.6 trillion VND (more than 165 million USD) a year.
In 2013, the corporation recorded 3.46 trillion VND (more than 164.71 million USD) in net revenue and 105 billion VND (5 million USD) in pre-tax profit.-VNA
