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Vietnam National Shipping Lines (Vinalines) will carry out its equitisation and auction of shares at the Hanoi Stock Exchange (HNX). — Photo vietnamnet
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HA NOI (Biz Hub) — Vietnam National Shipping Lines (Vinalines) will carry out its equitisation and auction of shares at the Hanoi Stock Exchange (HNX).
A memorandum of understanding (MoU) was signed to that effect between the two parties on November 14.
Vinalines has been preparing for its parent company's equitisation in the second quarter of 2015, in line with the government's directive.
Under the MoU, Vinalines will encourage its subsidiaries to conduct auctions for selling shares and divestment through HNX. Meanwhile, HNX will help Vinalines and its subsidiaries to build equitisation plans and itineraries, besides carrying out auctions and listing on the stock market in the shortest possible time.
General Director of Vinalines Le Anh Son said that the corporation's nine companies have successfully launched their initial public offering on the Ha Noi bourse. Five of the companies are on the list, while the rest have registered for listing on the bourse.
The signing of the MoU is expected to help Vinalines attract more capital, restructure its business and improve operations. — VNS