Home Companies IPO - Equitization

Vinalines valued at $1 billion ahead of IPO

Dec 22nd at 16:04
22-12-2014 16:04:00+07:00

Vinalines valued at $1 billion ahead of IPO

The Viet Nam National Shipping Lines (Vinalines) was valued at more than VND21 trillion (US$1 billion), a corporation official told Biz Hub on December 22.

More than VND8.3 trillion ($395.23 million) of the total amount was State capital.

The assessment, dated December 31, 2013, has been partly completed ahead of the corporation's equitisation in the first quarter of next year.

The result will be sent to the Transport Ministry for approval next month.

According to the itinerary approved by the ministry, Vinalines will launch its initial public offering at the same time as its subsidiary company, Saigon Port, in the first quarter of 2015.

Saigon Port was valued at nearly VND4 trillion ($190.47 million).

Earlier, the Government agreed to revise the State's holding to 51 per cent in key businesses in seaports such as Hai Phong, Da Nang and Saigon.

bizhub

MOST READ

NEWS SAME CATEGORY

Ben Thanh Tourist succeeds in IPO
IPO - EQUITIZATION Dec 18th at 13:59

Ben Thanh Tourist succeeds in IPO

Ben Thanh Tourist Service Company sold 5.93 million shares to investors at its initial public offering (IPO) last week at the lowest winning bid of VND21,000 each...

SOE listings draw more investors
IPO - EQUITIZATION Dec 13th at 14:02

SOE listings draw more investors

Recent initial public offerings (IPOs) of State-owned enterprises (SOEs) have attracted more attention from investors than previously.

State fertiliser firm IPO fully sold
IPO - EQUITIZATION Dec 12th at 15:58

State fertiliser firm IPO fully sold

PetroVietnam Ca Mau Fertilizer Company Limited has raised nearly VND1.58 trillion (US$74 million) from its initial public offering on November 11 at the HCM City...

Seaprodex sells 45 million shares in IPO
IPO - EQUITIZATION Dec 12th at 15:56

Seaprodex sells 45 million shares in IPO

The Vietnam Sea Products Corporation Company Limited (Seaprodex) sold more than 45.17 million shares in its initial public offering (IPO) at the HCM City Stock...

Demand for SAGS shares rises before IPO
IPO - EQUITIZATION Dec 4th at 14:26

Demand for SAGS shares rises before IPO

 Investors have registered to buy Saigon Ground Services (SAGS) shares numbering 15 times more than the 2.7 million shares to be offered at the company's initial...

Vietnam to sell many SOEs by year-end
IPO - EQUITIZATION Nov 27th at 15:07

Vietnam to sell many SOEs by year-end

A number of equitized state-owned enterprises’ (SOEs) initial public offerings (IPOs) will take place in the last months of the year.

Fertiliser firm set to launch IPO
IPO - EQUITIZATION Nov 26th at 11:28

Fertiliser firm set to launch IPO

The PetroVietnam Ca Mau Fertilizer Company is set to make an initial public offering on December 11 before listing on the HCM Stock Exchange.

STK to sell 3m new shares at IPO
IPO - EQUITIZATION Nov 25th at 09:04

STK to sell 3m new shares at IPO

Century Synthetic Fiber Corporation (STK) is planning to offer three million new shares in its initial public offering (IPO) at the HCM City Stock Exchange on...

Big foreign groups eyeing MobiFone equitization
IPO - EQUITIZATION Nov 19th at 14:44

Big foreign groups eyeing MobiFone equitization

MobiFone shares have been added to the portfolios of many foreign institutional investors.

Aviation sector attracts bankers
IPO - EQUITIZATION Nov 19th at 14:42

Aviation sector attracts bankers

Injecting money into airlines is not the choice of short- term investors, but airlines’ shares are very attractive in the eyes of bankers, even though the ratio of...

Read More

NEW STOCKS

MOST READ

Back To Top