Vinalines will operate as a joint stock company from June this year. (Source: VNA)Hanoi (VNA) - The Vietnam National ShippingLines (Vinalines) is scheduled to hold its first shareholders’ meeting on June24, starting operation as a joint stock company model with the newname Vietnam Marine Corporation (VIMC).
Under the new model, the corporation will still focus its business on seaports,marine transportation and marine services.
In preparation for equitisation, the corporation has held two share offerings,in which the initial public offering attracted 42 investors who registered tobuy nearly 5.5 million shares, accounting for 1.1 percent of the total 490million shares offered for auction. Meanwhile, more than 483 million shareswere offered at the second public offering, but no one registered to buy.
The corporation earned revenue of nearly 2.9 trillion VND (124 million USD) inthe first quarter of this year, in which the marine transportation reached 1.2trillion VND, seaports 1.08 trillion VND and the remainder came from marineservices.- VNA
VNA
