A worker is extracting latex from a rubber tree (Photo: VNA)
Hanoi (VNA) –꧋ Deputy Prime Minister Vuong Dinh Hue has approved an equitisationplan of the Vietnam Rubber Group (VRG).
TheState will retain 3 billion shares, equivalent to 75 percent of VRG’s charteredcapital of 40 trillion VND (1.76 billion USD) after equitisation. Thecompany will auction off more than 475 million shares, equivalent to 11.88percent of its total chartered capital to the public. Another475 million shares will be offered to strategic investors while the remainderof offloaded shares will be sold to the group’s employees and trade union. VRGshares will be offered at an initial price of 13,000 VND (0.57 USD) each. TheMinistry of Agriculture and Rural Development will represent the stateownership at the VRG. ThePrime Minister assigned the Minister of Agriculture and Rural Development tochoose strategic domestic investors after the company’s public auction.-VNA
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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A worker is extracting latex from a rubber tree (Photo: VNA) 
