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Viglacera to auction 120 million shares next month
Date: 4/23/2017 10:17:35 PM
Việt Nam’s largest producer of construction ceramics and tiles Viglacera Corporation will auction 120 million shares on May 25.
The starting price for the shares is VNĐ12,300 per share. Viglacera expects to receive VNĐ1.5 trillion from the auction.
The income from the share auction will be spent on different business projects, including construction to expand the Yen Phong Industrial Zone.
Viglacera has total 307 million outstanding shares, equal to VNĐ3.07 trillion in chartered capital. More than one-fifth of Viglacera’s shares are listed on the Hà Nội Stock Exchange under code VGC.
In 2017, Viglacera will issue shares based on the employee stock ownership plan at a rate of five per cent.
Viglacera expects to reduce State ownership in the company to 54 per cent by the end of 2017 and 51 per cent in 2019.
(Source:Vietnamnews)
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NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
