Vietnam Airlines to list 1.4 billion shares on HoSE
 |
| Vietnam Airlines is set to list 1.4 billion shares on the Ho Chi Minh Stock Exchange in April, 2019. - Photo VNA |
The corporation is currently listed on the UPCoM with the code HVN. Its shares were priced at VND34,100 per share on Wednesday, equivalent to nearly VND48.24 trillion in market capitalisation.
Vietnam Airlines launched an initial public offering (IPO) in 2014. The largest shareholder was the Ministry of Transport, owning 86 per cent of the capital. In 2016, Japan’s biggest airline ANA Holdings bought an 8.8 per cent stake of Vietnam Airlines worth US$108 million.
The listing takes place in the context of increasing competition in the Vietnamese aviation market. Vietjet, an airline with market capitalisation of about $3 billion, is the leading player in the domestic market with 43 per cent. Vietnam Airlines, which owns 51 per cent of Jetstar Pacific, had a market share of less than 42 per cent in 2017.
Malaysian airline AirAsia recently signed a co-operation agreement with Thien Minh Travel Company to strengthen its presence in the Vietnamese aviation market, which is expected to grow 13 per cent this year.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:Related Contents
Latest News
More News
- IMF predicts Vietnam's economic growth to reach 6.1 per cent in 2024 (September 30, 2024 | 18:26)
- Deli Group breaks ground on $270 million factory in Hai Duong (September 30, 2024 | 18:17)
- Government considering tax on multiple properties (September 27, 2024 | 20:17)
- Accuracy more vital than ever in dawn of AI (September 26, 2024 | 20:44)
- Vietnam remains attractive destination for US businesses (September 26, 2024 | 20:23)
- New innovation centre inaugurated during HEF 2024 (September 25, 2024 | 09:00)
- China's Geely to build $168 million automobile facility with Tasco in Thai Binh (September 24, 2024 | 19:03)
- Spate of claims made in typhoon aftermath (September 19, 2024 | 17:00)
- SMEs getting easy to approach preferential loans (September 19, 2024 | 16:59)
- EVN's improper tariffing results in $36 million loss (September 16, 2024 | 19:41)
Mobile Version