State-owned enterprises gear up for equitisationThe Vietnamese market will see more state-owned enterprises (SOEs) equitised in 2018, following the State’s divestment from the Sai Gon Beer Alcohol Berage Joint Stock Company (Sabeco) and Vietnam Dairy Products Joint Stock Company (Vinamilk). The rubber group will auction 475 million shares, 11.88 percent of its total capital to the public in its initial public offering (IPO) next year, at an initial price of 13,000 VND. PV Power will put more than 468.3 million shares for sale in its IPO on January 31, 2018 on the Hanoi Stock Exchange (HNX) at the price of 14,400 VND per share. Meanwhile, PV Oil will offer nearly 207 million shares or a fifth of its charter capital for sale on January 25 on the HOSE at a starting price of 13,400 VND. As of December 20, approval has been granted for divestment plans at 21 enterprises, nearly half of the set plan.-VNA

Source: VietNamNet News December 26, 2017 04:41 UTC