The Vietnam Expressway Corporation (VEC) plans to increase its current charter capital 22-fold to more than 22.16 trillion VND (1.04 billion USD) ahead of its equitisation.
According to VEC General Director Mai Anh Tuan, it will be important to determine the corporation's charter capital ahead of its equitisation and to call upon stakeholders, especially strategic stakeholders.
The proposed charter capital is equivalent to combining the State's direct investments in the corporation's five major projects, the current charter capital and the remaining revenue from auctioning two toll-fee stations.
The Ministry of Construction has asked the VEC to establish a steering board for restructuring and equitisation and complete the restructuring project within the first quarter of this year, saying the equitisation of the corporation must be completed by the end of this year.
Minister of Transport Dinh La Thang has expressed his determination to speed up the equitisation of corporations under the ministry within this year and the VEC is just one among more than a dozen of the ministry's corporations to be complete the process in 2015.
Last year, the ministry equitised 10 corporations in line with an approved plan. The ministry also completed an initial public offering for 48 corporations.-VNA
According to VEC General Director Mai Anh Tuan, it will be important to determine the corporation's charter capital ahead of its equitisation and to call upon stakeholders, especially strategic stakeholders.
The proposed charter capital is equivalent to combining the State's direct investments in the corporation's five major projects, the current charter capital and the remaining revenue from auctioning two toll-fee stations.
The Ministry of Construction has asked the VEC to establish a steering board for restructuring and equitisation and complete the restructuring project within the first quarter of this year, saying the equitisation of the corporation must be completed by the end of this year.
Minister of Transport Dinh La Thang has expressed his determination to speed up the equitisation of corporations under the ministry within this year and the VEC is just one among more than a dozen of the ministry's corporations to be complete the process in 2015.
Last year, the ministry equitised 10 corporations in line with an approved plan. The ministry also completed an initial public offering for 48 corporations.-VNA
