Vietnam Airlines to launch IPO on November 14

Wednesday, Oct 08, 2014 13:41

Vietnam Airlines will auction its shares on November 14. ─ Photo Huy Hung
HA NOI (Biz Hub) ─ National carrier Vietnam Airlines (VNA) will launch its initial public offering (IPO) on November 14, the HCM City Stock Exchange has announced.

About 49 million shares will be auctioned for VND22,300, or US$1.06, each.

The detailed information about the auction and the payments are scheduled to be announced on October 14.

After the equitisation process, all 10,180 officials, staff, technicians and workers of VNA will continue to work for the firm. The firm's shares will be listed on the stock market as per the regulations.

VNA has a registered capital of VND14.1 trillion or $671.4 million. The carrier's valuation has been approved by the Government at VND57.156 trillion, or US$2.72 billion, based on its book value, of which the State capital is VND10.567 trillion, or $507.79 million. ─ VNS

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