Vietnam Airlines to sell 191 million shares to shareholdersWednesday, January 3,2018
AsemconnectVietnam - The Vietnam Airlines Corporation has announced that it will issue over 191 million shares for existing shareholders at 10,000 VND each to increase its chartered capital.
Proceeds will be used to invest in the company’s Boeing 787 and Airbus 350 fleet and raise its floating capital.
The decision was approved at an annual meeting of shareholders in June 2017.
According to Vietnam Airlines, State shareholders will also sell more than 57 million call options, or 4 percent of the stake.
The State will reduce its stake in the corporation to 51 percent in 2019.
Agribank aims to maintain top commercial bank status
Binh Thuan businesses protest beach erosion
TNI opens first King Coffee in Gia Lai
More enterprises shuttered in first half of 2018
Nestlé enters Vietnamese fish sauce market
Nokia sees Vietnam as key market
Domestic companies earn US$33 billion from Jan-June exports
Bamboo Airways given approval for investment
IFC, TPBank sign deal on US$100 million loan
Vietnam Airlines offers QR code payment for passengers
BSR changes to joint stock model
European firms optimistic about Viet Nam’s business environment
Vietcombank named Vietnam’s best bank in 2018 by FinanceAsia
Insurance firms plan to go digital