Business

SBIC to divest capital from PV Shipyard

The Vietnam Ship Building Industry Corporation (SBIC) said it will auction off about 4.479 million shares in the PetroVietnam Marine Shipyard JSC (PV Shipyard) on October 21.
SBIC to divest capital from PV Shipyard ảnh 1Illustrative image (Source: Internet)

Hanoi (VNA) - The Vietnam Ship Building Industry Corporation (SBIC) said it will auction off about 4.479 million shares in the PetroVietnam Marine Shipyard JSC (PV Shipyard) on October 21.

The shares account for 7.53 percent of PV Shipyard’s stock on the market.

The move aims to recover SBIC’s capital from PV Shipyard in order to add to its manufacturing and business in the coming time.

As planned, the auction will be held at the Hanoi Stock Exchange with the starting price of 10,000 VND/share.

PV Shipyard’s charter capital stands at nearly 594.9 trillion VND (26.77 billion USD). The company operates in building and upgrading ships and oil rigs, and providing port, warehousing and transport services.

Apart from SBIC, the Vietnam Petroleum Technical Services Corporation (PTSC) , has a 28.75 percent stake (17,105 million shares) in PV Shipyard. Meanwhile, the Bank for Investment and Development Bank of Vietnam (BIDV) and the Vietnam Machine Erection Corporation (LILAMA) each owns a 4.03 percent stake (over 2.4 million shares) in the firm.-VNA

VNA
#SBIC#divest#PV Shipyard#ship building industry#stock#share
Follow VietnamPlus

Related News

Steel ship building programme comes to Quang Ngai

Steel ship building programme comes to Quang Ngai

The Nha Trang Shipbuilding Co., Ltd under the Shipbuilding Industry Corporation ( SBIC) on July 2 delivered a modern steel fishing vessel to a fisherman in the central coastal province of Quang Ngai, under a programme to enhance capacity of the nation’s fishing fleet.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.