Home Companies

Bamboo Airways offers shares to foreign investor

Dec 25th at 13:57
25-12-2019 13:57:42+07:00

Bamboo Airways offers shares to foreign investor

Bamboo Airways is offering its shares to a strategic foreign investor for a minimum of VND160,000 (US$6.91) per share, local media reported.

The companys chairman Trinh Van Quyet was cited as saying on Sunday that Bamboo Airways is in talks with a foreign investor.

In October 2019, the aviation business announced its IPO plan that valued the company at VND60,000 per share.

After that, the Vietnam Inspection and Valuation JSC (VIVC) valued Bamboo Airways shares at VND82,280 per share.

In November, chairman Quyet confirmed the airline will negotiate with institutional investors, not individuals, and list on the stock exchange in 2020.

On Sunday, Bamboo Airways also revealed it has received a Boeing 787-9 Dreamliner aircraft, increasing the total number of in-use aircrafts to 22.

The company expected to have four Boeing 787-9 airplanes in January 2020.

After one-year operation, Bamboo Airways is exploring 34 domestic and international routes and it is seeking to expand the fleet.

Total number of aircrafts is projected to reach 30 in January 2020.

bizhub

MOST READ

NEWS SAME CATEGORY

REE to raise stake in hydropower firm by nearly 30%
COMPANIES Dec 25th at 09:12

REE to raise stake in hydropower firm by nearly 30%

The Refrigeration Electrical Engineering Corporation (REE) has asked to increase its stake at Vinh Son Song Hinh Hydropower JSC to more than 50 per cent.

Masan Consumer looks beyond F&B, offers to buy 60% stakes of Net Detergent
COMPANIES Dec 25th at 08:14

Masan Consumer looks beyond F&B, offers to buy 60% stakes of Net Detergent

Masan Consumer Corporation (HNX-UPCoM: MCH) said on December 24 that Masan HPC, a newly established home and personal care subsidiary, has made an offer to buy up...

Vinamilk acquires majority stake in competitor
COMPANIES Dec 23rd at 13:56

Vinamilk acquires majority stake in competitor

Vietnam’s biggest dairy company Vinamilk has acquired a majority stake in Moc Chau Milk, entrenching its market dominance.

Masan Group (MSN) to issue bonds worth $431 million
COMPANIES Dec 23rd at 09:47

Masan Group (MSN) to issue bonds worth $431 million

Masan Group plans to issue VND10 trillion ($430.9 million) worth of bonds next year to increase its capital and help subsidiaries repay debts.

ThaiBev struggling to offload Sabeco
COMPANIES Dec 19th at 14:05

ThaiBev struggling to offload Sabeco

Budweiser APAC has eyes on Sabeco, while ThaiBev intends to quit one of the biggest beer markets of the region.

Bahamas investor sells off stake in Vietnamese detergent company
COMPANIES Dec 19th at 08:47

Bahamas investor sells off stake in Vietnamese detergent company

America LLC has sold its entire 9.33 percent stake in Vietnamese detergent powder producer NETCO.

Airport operator ACV pays $86 million cash dividend
COMPANIES Dec 19th at 08:15

Airport operator ACV pays $86 million cash dividend

The Airports Corporation of Vietnam (ACV) has completed paying a cash dividend worth nearly VND2 trillion (US$86 million) for 2018.

FPT achieves profit target early as revenues jump by almost a fifth
COMPANIES Dec 19th at 08:14

FPT achieves profit target early as revenues jump by almost a fifth

FPT Corporation has achieved its full-year gross profit target one month in advance.

Japanese insurer to buy over 41 million shares of Bao Viet Holdings (BVH)
COMPANIES Dec 17th at 12:57

Japanese insurer to buy over 41 million shares of Bao Viet Holdings (BVH)

Japanese insurer Sumitomo Life has registered to buy more than 41.4 million shares of local insurer insurance-finance-banking group Bao Viet Holdings (BVH).

VEAM to pay $214.9 million dividend in cash
COMPANIES Dec 16th at 15:35

VEAM to pay $214.9 million dividend in cash

The Viet Nam Engine and Agricultural Machinery Corporation (VEAM) announced it would pay a cash dividend of more than VND5 trillion (US$214.9 million) on January 21.

Read More

MOST READ

Back To Top