Vinamotor to launch IPO in March

Tuesday, Feb 25, 2014 16:13

Vinamotor to launch it initial pulic offering on March 27. —

HA NOI (Biz Hub) — The Vietnam Motors Industry Corporation (Vinamotor) will launch its initial public offering (IPO) at the Ha Noi Stock Exchange on March 27 this year, according to the news website

The corporation will auction 51 million shares, which are equal to 51 per cent of the charter capital and are worth VND10,000, or $0.47, each.

Vinamotor was established in 1964. Its main products include coaches, buses, trucks and automobile parts. Its equitisation plan, which has a charter capital of VND1 trillion or US$47.6 million, has been approved by the Prime Minister. — VNS

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