AsemconnectVietnam - After acquiring Nam Hai Dinh Vu Port, Vietnam Container Corporation (Viconship, code VSC - HOSE) continues to be approved to buy shares at Vinaship Shipping Corporation (code VNA - UPCoM).

Vinaship has just approved a plan to invest in a dry cargo ship with a capacity of 28,000 - 32,000 dwt, built between 2009 - 2013 (under 15 years old), and built in Japan, China, and Korea.
In which, the total investment capital is expected to be USD12 million, about VND305.53 billion and is expected to use 50% of its own capital and 50% of commercial bank loans.
In addition, Vinaship also approved the approval for Vietnam Container Corporation to receive the transfer of voting shares from current shareholders to own more than 25% of voting shares without having to make a public offering.
Notably, Vinaship announced a list of 15 investors expected to transfer shares to Viconship, equivalent to a total of nearly 12.77 million shares, about 37.55% of charter capital. Of which, Vietnam Joint Stock Commercial Bank for Industry and Trade Fund Management Company Limited plans to transfer 5 million shares; Ms. Nguyen Thi Chung plans to transfer more than 1 million shares...
With the market price of VNA shares on September 27 at VND24,900/share, it is estimated that Viconship will have to spend about VND317.9 billion to buy 37.55% of capital at Vinaship.
According to research, Vinaship currently owns a fleet of 5 ships with a total tonnage of 95,861 DWT, an average age of over 20 years, of which 3 ships have a tonnage of 22,000 - 27,000 DWT (28 years old), 1 ship with a tonnage of 13,245 DWT (16 years old) and 1 ship with a tonnage of 6,500 DWT (21 years old).
In fact, in recent years, Viconship has been very active in mergers and acquisitions. Recently, in July 2024, the Company purchased an additional 35% of capital to increase its ownership to 99.999775% of charter capital at Nam Hai Dinh Vu Port Company Limited, the owner of Nam Hai Dinh Vu Port.
In particular, Nam Hai Dinh Vu Port has been in operation since 2014, with a capacity of 500,000 TEU/year, receiving the largest ship up to 50,000 DWT, a CY yard area of 200,000 m2 and a wharf length of 450 m. With a total investment capital of more than VND1,000 billion, this port accounts for about 10% of the market share of the Hai Phong port cluster.
Conversely, on June 27, Viconship approved the liquidation of the investment and business cooperation contract for the Hyatt Hai Phong hotel project between Green Port Services Company Limited, Green Logistics Center Company Limited (Viconship owns 100% of the capital in the two units) and T&D Group Joint Stock Company.
And in early September 2024, Viconship continued to approve the divestment of all 8,820,200 shares at Dinh Vu Petroleum Service Port JSC, with the expected divestment price of at least VND 10,000/share, and the total transfer value of at least VND88.2 billion. In which, Dinh Vu Petroleum Service Port JSC's main activities are loading and unloading goods and operating warehouses.
N.Nga
Source: VITIC/Tinnhanhchungkhoan