Gov’t passes VNA equitization plan

VGP – The PM has recently ratified the equitization plan of the Viet Nam Airlines company Limited (Vietnam Airlines) with over VND14 trillion of charter capital.

September 14, 2014 2:21 PM GMT+7

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Vietnam Airlines (VNA) has its own legal status, seal and account in line with the current regulations; organization and operation in accordance with its Charter, the Enterprise Law and other related regulations.

With over VND14 trillion of charter capital, VNA has over 1.41 billion shares with a par value of VND 10,000 share.

The State holds over 1 billion shares (75% of charter capital); employees over 20 million of shares (1.475%); union organizations 705,092 shares (0.05%); strategic investors with over 282 million of shares (over 20%) and over 49 million of shares (3.475%) for public auction sale.

The PM assigned the Ministry of Transport to decide the starting price for VNA shares in the IPO; to decide the criteria and select the strategic investors./.

By Kim Loan