Viglacera's IPO to take place in February

Saturday, Dec 21, 2013 11:33

A production line of Viglacera. — Photo

HA NOI (Biz Hub) — Brick and ceramics manufacturer Viglacera will conduct its initial public offering (IPO) on February 20 next year, the Ha Noi Stock Exchange announced.

Viglacera's charter capital is VND3.07 trillion (US$144.8 million), but the company will offer more than 76.9 million shares, accounting for only 25.06 per cent of the charter capital. The initial price will be VND10,300 ($0.48).

In addition, the company will sell a 0.77 per cent stake to its employees, while the dominant stake of 74.17 per cent is held by the State.— VNS

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