Friday, December 14, 2018 2:24:42 PM - Markets open
VN-INDEX 952.25 -8.00/-0.83%
HNX-INDEX 106.62 -0.68/-0.64%
UPCOM-INDEX 53.44 -0.43/-0.80%
Vinalines to launch IPO on September 5 - 8/8/2018 9:45:23 AM
 (0 ratings. You must sign in to rate.)
Việt Nam National Shipping Lines (Vinalines) will auction more than 488 million shares in its initial public offering (IPO) at the starting price of VNĐ10,000 (US$0.43) per share.
The IPO is scheduled to take place on September 5 on the Hà Nội Stock Exchange.
The offered shares are equivalent to 34.8 per cent of Vinalines’ charter capital.
Period for application and deposit lasts from 8 am on August 8 to 3 pm on August 28. The deadline for the submission of auction tickets is 4 pm on August 31.
South Korean-owned company SK Securities registered to become Vinaline’s strategic investor. However, Vinalines refused as SK Securities does not meet Vinalines’ requests.
“Although they meet the requirement on financial capacity, SK Securities does not commit to supporting Vinalines in technology and human resources. Therefore, Vinalines will not select this investor and we have not yet found a suitable investor in this equitisation,” Vinalines representative said.
Vinalines is a leading company in the field of maritime transportation and logistics, shipbuilding and seaport exploitation in Việt Nam. Some of its affiliates are the Hải Phòng Port JSC, Sài Gòn Port JSC, the Việt Nam Ocean Shipping JSC, the Việt Nam Sea Transport and Chartering Company and Vinaship.
According to the company’s audited consolidated financial statements for 2017, as of December 31, 2017, Vinalines suffered an accumulated loss of nearly VNĐ3.3 billion. Total assets and equity were VNĐ28.1 billion and nearly VNĐ8 billion, respectively. — VNS
Read original article here
Newer News
10/12 OIL: PV Oil to sell State’s stake
17/08 MCH finalising bonus share list
17/08 LPB: LienVietPostBank downgrades many business targets
16/08 FPT betting on M&A to go global
16/08 PVN considers merger of two biggest fertiliser firms
16/08 MSR: Masan buys tungsten facility
13/08 VNM: Vinamilk to spend over 170 mln USD on hi-tech dairy farm in Can Tho
09/08 Thaco announces strategic cooperation with HAGL
Older News
07/08 Vietnam Airlines, Vinamilk shake hands to provide 4-star service
06/08 BCG: Bamboo Capital sign condotel and villa deal
24/07 Bao Viet tops Vietnam insurance market
19/07 Japan steel firm Kyoei to up stake in VIS
19/07 HAGL asks for shareholders’ approval
18/07 HVN: Vietnam Airlines aims to become five-star airline in 2020
17/07 ACV plans to expand Tuy Hoa airport in Phu Yen province
17/07 NLG: Nam Long corporates with Japanese Nishi Nippon Railroad in $306.5 million project
11/07 FLC: Vietnamese Government approves establishment of Bamboo Airways
11/07 TPB: IFC arranges $100m loan for TPBank to promote digital financial services to MSMEs
Newsletter Signup
Top Stories
VN Index to rise amid volatility, weak liquidity
VN stocks continue rallying
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Market Update
Last updated at 2:36:19 PM
VN-INDEX 952.25 -8.00/-0.83%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.