The Commission for the Management of State Capital at Enterprises (CMSC) has bought nearly 165 million shares of the national flag carrier Vietnam Airlines, bringing its total stake to more than 1.22 billion shares, according to the Hanoi Stock Exchange.
A Vietnam Airlines aircraft at Noi Bai International Airport (Photo: VNA)
Hanoi (VNA) – The Commission forthe Management of State Capital at Enterprises (CMSC) has bought nearly 165million shares of the national flag carrier Vietnam Airlines, bringing itstotal stake to more than 1.22 billion shares, according to the Hanoi StockExchange.
The volume of shares is equivalent to 86.16 percentof Vietnam Airlines, which is listed as HVN.
Earlier, the carrier announced the issuance ofmore than 191.19 million shares to existing shareholders at the price of 10,000VND (0.4 USD) per share.
The Ministry of Transport, which represented theState in the ownership of HVN shares before they were transferred to the CMSC,was allocated more than one trillion buying rights. It then decided to put upmore than 371.5 million buying rights for auction with a starting price of 6,026VND each.
At the end of the registration period, only nineindividuals registered to buy 272,000 buying rights. However, no investor cameto buy the rights and to receive the deposit.
In the trading session on December 25, HVN stockswere traded at 32,000 VND per share.-VNA
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has registered to sell 7.6 million shares of the Vietnam Airlines Corporation, which is listed as HVN on the stock market.
The Ministry of Transport (MoT) will transfer its rights to purchase shares additionally issued by the Vietnam Airlines Corporation through auction at the Hanoi Stock Exchange.
The Ministry of Transport expects to collect at least 2.235 trillion VND (98.45 million USD) from the sale of more than 371.53 million rights to buy preference stakes in the Vietnam Airlines Corporation.
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A Vietnam Airlines aircraft at Noi Bai International Airport (Photo: VNA) 
