Price for rights to buy Vietnam Airlines shares announced
The Ministry of Transport expects to collect at least 2.235 trillion VND (98.45 million USD) from the sale of more than 371.53 million rights to buy preference stakes in the Vietnam Airlines Corporation.
Hanoi (VNA) – The Ministry ofTransport expects to collect at least 2.235 trillion VND (98.45 million USD)from the sale of more than 371.53 million rights to buy preference stakes in theVietnam Airlines Corporation.
The ministry fixed the price for each rightto purchase shares of Vietnam Airlines (HVN) at 6,026 VND.
For every 100 rights, 15.57 shares of VietnamAirlines are purchased at a price of 10,000 VND each.
Earlier, theMinistry of Transport asked the representative of State stake in VietnamAirlines to draft plans to reduce State ownership to 51 percent of the nationalflag carrier’s charter capital in 2019.
The ministry said these plans should be based onthe corporation’s business and development investment strategies as well as thestock market situation and capital demands.
The plans must contain implementation methodsand progress, and assessments of interests of the State and the enterprise.
Vietnam Airlines has chartered capital of nearly12.28 trillion VND, of which the State holds 1.057 billion shares, equivalentto 86.16 percent of the charter capital. Of the remaining shareholders, ANAHoldings Inc, Japan’s largest aviation group, holds 107 million shares, nearly8.8 percent of charter capital.-VNA
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has registered to sell 7.6 million shares of the Vietnam Airlines Corporation, which is listed as HVN on the stock market.
The Ministry of Transport (MoT) will transfer its rights to purchase shares additionally issued by the Vietnam Airlines Corporation through auction at the Hanoi Stock Exchange.
The Ministry of Transport has asked the representative of State stake in Vietnam Airlines to draft plans to reduce State ownership to 51 percent of the national flag carrier’s charter capital in 2019.
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Illustrative image (Source: Vietnam Airlines) 
