Vietnam Airlines to sell 191 million shares to shareholders
The Vietnam Airlines Corporation has announced that it will issue over 191 million shares for existing shareholders at 10,000 VND each to increase its chartered capital.
Hanoi (VNA) – The VietnamAirlines Corporation has announced that it will issue over 191 million sharesfor existing shareholders at 10,000 VND each to increase its chartered capital.
Proceeds will be used to investin the company’s Boeing 787 and Airbus 350 fleet and raise its floatingcapital.
The decision was approved at anannual meeting of shareholders in June 2017.
According to Vietnam Airlines,State shareholders will also sell more than 57 million call options, or 4percent of the stake.
The State will reduce its stake in the corporation to51 percent in 2019.-VNA
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Illustrative image (Source: Vietnam Airlines) 
