Home Companies

VNPT divest capital

May 9th at 09:15
09-05-2018 09:15:36+07:00

VNPT divest capital

Telecom operator Viet Nam Posts and Telecommunications Group (VNPT) will divest its entire holding from the Saigon Posts and Telecommunications Service Joint-Stock Corporation (SPT) in May, it has announced.

On May 25, VNPT will auction 8.52 per cent of SPT’s outstanding shares with par value of more than VND102.5 billion (US$4.5 million) on the Ha Noi Stock Exchange (HNX), with the starting price of VND12,038 per share.

SPT was established in 1995 with chartered capital of VND50 billion. In 1997, the company provided internet services under the SaigonNet brand. In 2006, the company’s S-Fone mobile network was launched nationwide.

SPT operates in the fields of wired telecommunications, wireless telecommunications, portal, communication equipment production, postage, delivery, producing, selling and warranting post and telecommunication equipments, constructing post and telecommunication works.

At present, the company’s chartered capital is more than VND1.2 trillion, of which VNPT holds 8.52 per cent.

bizhub

MOST READ

NEWS SAME CATEGORY

VinaCapital increase ownership in KDC, decrease in FRT
COMPANIES May 9th at 09:12

VinaCapital increase ownership in KDC, decrease in FRT

Investment fund management company VinaCapital Group has increased its ownership in food producer KIDO Group (KDC) to over 5 per cent and became a large shareholder...

Platinum Victory to raise Vinamilk’s (VNM) ownership to 11%
COMPANIES May 9th at 09:10

Platinum Victory to raise Vinamilk’s (VNM) ownership to 11%

Platinum Victory Pte. Ltd, a whollyowned subsidiary of Singapore-based automotive group Jardine Cycle and Carriage (JC&C), has registered to purchase an additional...

Is Diageo interested in gobbling up Halico?
COMPANIES May 8th at 15:12

Is Diageo interested in gobbling up Halico?

As Hanoi Liquor Joint Stock Company (Halico) is flooded by massive losses, the company's shares will likely fall, giving an opportunity to the world's biggest...

HVN shoots for $107 million consolidated profit in 2018
COMPANIES May 8th at 07:43

HVN shoots for $107 million consolidated profit in 2018

Vietnam Airlines (VNA) will propose its shareholders the target of VND2.421 trillion ($107.6 million) in consolidated pre-tax profit for the 2018 financial year at...

ACV to gain $701m in revenue this year
COMPANIES May 5th at 15:42

ACV to gain $701m in revenue this year

Airports Corporation of Viet Nam (ACV) plans to gain a revenue of more than VND16 trillion (US$701.75 million) and a profit of over VND5.6 trillion this year.

Shrinking profit stands in way of Sabeco’s (SAB) overseas expansion
COMPANIES May 4th at 20:27

Shrinking profit stands in way of Sabeco’s (SAB) overseas expansion

Falling profit figures may hinder new members of the Sabeco management board in realising the promise to take Sabeco and 333 Beer overseas.

Vietjet’s (VJC) profit rises by 254% in first quarter
COMPANIES May 4th at 20:26

Vietjet’s (VJC) profit rises by 254% in first quarter

Vietjet Aviation Joint Stock Company (HOSE code: VJC) recorded a yearly increase of 254 per cent in pre-tax profit at VND1.48 trillion (US$65 million) in the first...

Viettel’s revenue from overseas investment reaches US$1.7 billion
COMPANIES May 4th at 20:24

Viettel’s revenue from overseas investment reaches US$1.7 billion

Viettel Group’s revenue from its overseas investment in 2017 surged by 38 per cent from the previous year to reach VND38 trillion (US$1.7 billion).

FPT Retail allowed to raise charter capital
COMPANIES May 4th at 07:44

FPT Retail allowed to raise charter capital

State Securities Commission has approved FPT Digital Retail JSC (FRT) to issue additional 28 million shares to existing shareholders to raise its charter capital in...

More companies lift foreign ownership limit to 100%
COMPANIES May 3rd at 13:32

More companies lift foreign ownership limit to 100%

Three companies have opened up the foreign ownership limit to 100 per cent, the State Securities Commission announced.

Read More

MOST READ

Back To Top