Price for rights to buy Vietnam Airlines shares announced
The Ministry of Transport expects to collect at least 2.235 trillion VND (98.45 million USD) from the sale of more than 371.53 million rights to buy preference stakes in the Vietnam Airlines Corporation.
Illustrative image (Source: Vietnam Airlines)Hanoi (VNA) – The Ministry of Transport expects to collect at least 2.235 trillion VND (98.45 million USD) from the sale of more than 371.53 million rights to buy preference stakes in the Vietnam Airlines Corporation.
The ministry fixed the price for each right to purchase shares of Vietnam Airlines (HVN) at 6,026 VND.
For every 100 rights, 15.57 shares of Vietnam Airlines are purchased at a price of 10,000 VND each.
Earlier, the Ministry of Transport asked the representative of State stake in Vietnam Airlines to draft plans to reduce State ownership to 51 percent of the national flag carrier’s charter capital in 2019.
The ministry said these plans should be based on the corporation’s business and development investment strategies as well as the stock market situation and capital demands.
The plans must contain implementation methods and progress, and assessments of interests of the State and the enterprise.
Vietnam Airlines has chartered capital of nearly 12.28 trillion VND, of which the State holds 1.057 billion shares, equivalent to 86.16 percent of the charter capital. Of the remaining shareholders, ANA Holdings Inc, Japan’s largest aviation group, holds 107 million shares, nearly 8.8 percent of charter capital.-VNA
You should also see
Sun World Ba Na Hills - A fairyland in Da Nang
Ba Na Hills is a clear testament to the role of the private economy in the development of tourism in Da Nang as well as the city’s economy as a whole. Sun World Ba Na Hills was honoured in 2023 at the World Travel Awards as “Asia’s Leading Theme Park”.
See more
Business
Tra Vinh exports organic coconut flower nectar to Australia
The Tra Vinh Farm Co., Ltd (Sokfarm) in the Mekong Delta province of Tra Vinh has successfully exported its first shipment of organic coconut flower nectar products to Australia - the fifth main importer of the locality’s product.
Business
Real estate market thrives, entities ready to re-enter market
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
Business
Garment & textile sector tries to keep growth momentum
The Vietnamese garment and textile sector is carrying out various measures to bolster production and business activities amidst formidable challenges posed by falling demand, high inventory, and geopolitical instability in several countries, according to insiders.
Business
Central bank to resume gold bar bidding after 11 years
The State Bank of Vietnam (SBV) will resume gold bar bidding after 11 years, aiming to increase the supply of gold to the market, promptly and immediately settle the high difference in domestic and international gold prices, thus ensuring the gold market operates in a safe and stable, healthy, open, transparent and effective manner in accordance with the Prime Minister's direction.
Business
Hai Phong Techfest connects Vietnamese, RoK businesses
The Department of Science and Technology of the northern port city of Hai Phong is organising the International Techfest Connect 5+, a science and technology festival to promote connectivity in the northern coastal region, from April 15-16.
