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DATC to auction off transportation businesses stocks

Oct 13th at 10:19
13-10-2018 10:19:09+07:00

DATC to auction off transportation businesses stocks

Viet Nam’s Debt and Asset Trading Corporation (DATC) branch in HCM City is selecting a consulting agency to auction shares of Dong Thap Transport Construction Joint Stock Company.

DATC will publicly auction 544,200 shares of the firm, valued at VND10,000 (US$0.43) per share, at a starting price of VND5,600 per share. If the auction is successful, DATC expects to earn more than VND3 billion.

DATC is also attempting to sell assets and other receivables including investments, debts and property. It is organising a property auction that includes buildings, machinery and inventory tools.

The properties come from Ha Tinh Urban and Environmental Works Stock Company and Ha Tinh Water Supply Joint Stock Company.

In addition to selling assets and shares in these two companies, DATC also announced the sale of receivables from the Ha Noi Electronic and Telecommunication Engineering Company.

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