Vietnam Airlines aircraft (Photo: vneconomictimes.vn)Hanoi (VNS/VNA) - The Ministry of Transport (MoT) has registered to buy164.73 million shares of Vietnam Airlines, a move which will maintain itsholding in the national flag carrier at 86.16 percent.
Thisis part of Vietnam Airlines’ additional share issue of 191.19 million shares,equivalent to nearly 15.58 percent of its capital, to existing shareholders atthe price of 10,000 VND per share.
Thetransactions are made on July 30 and 31 when the share issue is completed.
Accordingto the Viet Capital Securities Company, the Ministry of Transport will payVietnam Airlines 578.4 billion VND in cash to buy 57.8 million new shares,while the remaining 106.9 million shares will be financed by the corporatereorganisation fund on the balance sheet of Vietnam Airlines which is owned bythe ministry.
Earlier,the MoT registered to sell 371.53 million of its total 1.06 billion rights tobuy new shares in Vietnam Airlines’ share issue at the minimum bidding price of6,062 VND per purchase right. However, these purchase rights were unsold.
OnJuly 18-20, another major shareholder of Vietnam Airlines, Japan’s ANA HoldingsInc purchased nearly 16.8 million shares, lifting its stake to 124.44 millionshares, equivalent to 8.77 percent of the airline’s capital.
Atthe airline’s 2018 annual shareholders meeting, it announced plans to shift itslisting to the Ho Chi Minh Stock Exchange in the third quarter of this year.
VietnamAirlines’ shares are trading on the Unlisted Public Company Market (UPCoM) ataround 36,300 VND per share.
The national flag carrier reported a profit of nearly 1.14 trillion VND (50.2 million USD) in the first quarterof 2018.-VNA
VNA
