The Ministry of Transport will conduct auctions of the share in lots
owned by the State in Civil Engineering Construction Corporations No 5
and No 6 on December 31.
Many mergers and acquisitions (M&A) opportunities are likely to open up for both local and foreign investors when the transport ministry sells its stakes in many corporations during the rest of this year.
The poor first-quarter response to IPOs (Initial Public Offerings)
launched by State-owned enterprises (SOEs) shows that they have not
prepared well for their equitisation process, a VnExpress report said.
Prime Minister Nguyen Tan Dung has approved the privatisation plan of
the Civil Engineering Construction Corporation No 8 (Cienco 8),
according to the Government news portal.
Companies plan to launch a number of initial public offerings (IPOs) at
the end of February and in March, and trillions of dong will likely be
needed to absorb them.