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Vinalines said it had registered to unload its entire stake of 30.54 per cent, equivalent to 360,000 shares, in the Portserco Joint Stock Company (PRC), in a restructure of its investment capital sources.— File Photo
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HA NOI (Biz Hub)— Vinalines said it had registered to unload its entire stake of 30.54 per cent, equivalent to 360,000 shares, in the Portserco Joint Stock Company (PRC), in a restructure of its investment capital sources.
The shares were expected to be sold between October 18 and November 15.
The State-run Viet Nam National Shipping Lines is facing serious financial problems due to its leaders' corruption and mismanagement, and is under a restructuring process following a Government request.
Portserco deals in transport, petroleum trading, automobile and ship repair, and maritime and logistics services. PRC shares yesterday closed at VND9,000 (US$0.42) on the Ha Noi Stock Exchange. — VNS