At Tan Son Nhat airport (Source: VNA) In a draft resolution prepared for its first shareholders’meeting in HCM City last year, ACV said the initial price of the shares wasexpected to be 13,100 VND (58 US cents) each.
Withthis share volume and price, ADP will hold some 7.4 per cent of ACV’s totalequity of 22.4 trillion VND. If the agreement is successful, the French companywill be restricted in transferring its shares for at least 10 years.
ACVwill be the country’s second aviation firm to have a strategic partner. Thefirst one is national carrier Vietnam Airlines, which completed negotiation andsigned a strategic partnership agreement with Japan’s All Nippon Airways lastyear, according to a conference held by the Ministry of Transport on January9.
Speakingat the conference, which reviewed the transport sector’s work in 2016 and plansfor this year, deputy minister Nguyen Ngoc Dong said the ministry had preparedplans and conducted transaction of shares on the stock markets for equitisedcorporations.
Dong said there were 37 equitised companies listed on the stockmarket last year with the total value of 35 trillion VND.
The ministry last year transferred its State ownership rights atThang Long Joint Stock Corporation and eight joint stock companies operating indomestic waterway maintenance and management to the State Capital InvestmentCorporation.
It also divested 2.3 trillion VND from 22 joint stock companiesand 262 billion VND from 17 subsidiaries of the ministry’s parentcorporations.-VNA
