Business

State-run mining firm to divest from Nghe An-based company

The Vinacomin – Minerals Holding Corporation (Vimico) is going to auction 2,367,040 shares worth over 23.6 billion VND (about 1 million USD) it holds at the Nghe Tinh Non-ferrous Metal JSC on March 10.
State-run mining firm to divest from Nghe An-based company ảnh 1Vimico will sell its stake at the Nghe Tinh Non-ferrous Metal JSC this March (Photo: VNA)

Hanoi (VNA) – The Vinacomin – Minerals HoldingCorporation (Vimico) is going to auction 2,367,040 shares worth over 23.6billion VND (about 1 million USD) it holds at the Nghe Tinh Non-ferrous MetalJSC on March 10.

The Hanoi Stock Exchange (HNX) said the shareswill be auctioned at HNX at the starting price of 26,000 VND each. They areequivalent to 60.93 percent of the Nghe Tinh company’s charter capital.

The Nghe Tinh company, based in the centralprovince of Nghe An, was founded in 1980. It is involved in counselling andmineral exploration, mining, processing and trading; and also constructs civil,industrial, transport and irrigation structures; produces and trades inbuilding materials; and engages in some other activities like transportation,storage, and gas station operation.

Coded KLM, this company was listed on UPCoM onDecember 30, 2019. Its stock’s reference price was 12,000 VND per share onFebruary 24./.
VNA
#Vinacomin – Minerals Holding Corporation #Vimico #Nghe Tinh Non-ferrous Metal JSC #Hanoi Stock Exchange #HNX #UPCoM #divestment #updated Vietnam news #Vietnamplus #Vietnam News Agency
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