Vinatex giant buyers unveiled
The source revealed that the two investors are local firms, Vietnam Investment Development Group JSC (VID), a leading industrial zone developer, registered to buy 14 per cent or 70 million shares and Vingroup, a leading property and retail developer, registered to buy a 10 per cent stake, or 50 million shares.
Vinatex’s IPO is planned for September 22 at the Ho Chi Minh Stock Exchange (HoSE).
The Vinatex IPO is one of the most anticipated this month by investors amid a much faster restructuring drive by the government and a resultant flurry of mergers and acquisitions.
Vinatex’s public offering has been delayed a number of times, it had previously planned to hold the issue on July 22, but it was again pushed to this month to ensure the company was fully prepared for the transition.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Businesses embrace dual transformation to drive growth (August 13, 2024 | 18:39)
- Concerted efforts towards public investment acceleration (August 13, 2024 | 18:34)
- Hanoi promotes IT application to ensure food safety (August 13, 2024 | 15:42)
- VNPAY services attain global security certification (August 13, 2024 | 15:17)
- Cooperation vital to tackle shipping rates (August 12, 2024 | 18:00)
- MSD Vietnam’s empowering workplace (August 12, 2024 | 16:43)
- Vietnam a pivotal market for Thomson Medical Group (August 12, 2024 | 16:39)
- MUFG Bank, Ltd., Ho Chi Minh City Branch officially moved to The Nexus (August 12, 2024 | 14:35)
- Practical solutions appropriate regarding sugary drinks (August 12, 2024 | 11:00)
- Excise tax change to be considered carefully for all (August 12, 2024 | 11:00)
Mobile Version