Business

VNR to complete divestment from 19 affiliates in Q1

The State-owned Vietnam Railways (VNR) plans to complete the divestment of its capital from 19 equitised affiliates during the first quarter of 2016.
VNR to complete divestment from 19 affiliates in Q1 ảnh 1The Quan Trieu - Nui Hong railway is open to traffic. (Source: VNA)


Hanoi (VNA) – The State-owned Vietnam Railways (VNR) plans to complete the divestment of its capital from 19 equitised affiliates during the first quarter of 2016.

The information was released by VNR Deputy Director General Doan Duy Hoach at a conference reviewing the corporation’s 2015 performance and launching its 2016 tasks in Hanoi on January 5.

As of the end of 2015, VNR divested its capital from seven out of its 27 companies. The process is underway in another four.

So far, it has withdrawn over 192 billion VND (8.57 million USD) of State capital.

The first meetings of the shareholders of 19 companies have been successfully organised.

All equitised companies will start operation on January 1, 2016 as scheduled.-VNA

VNA
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