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Tag Archive for ‘IPO’

Vietnam Airlines to finalize schedule for call option auction

Vietnam’s biggest air carrier Vietnam Airlines will finalize the schedule to auction call options over 57.8 million shares before the end of the third quarter of 2017. First time selling The Ministry of Transport (MoT) has approved the schedule of the auction to sell call options for the state’s stake in Vietnam Airlines to facilitate […]

Vinalines to cut seaport stake

The Vietnam National Shipping Lines (Vinalines) has proposed to reduce its stake in many strategic seaports. Accordingly, the country’s largest shipping company will reduce its stake in northern Hai Phong Port from the current 92.56% to 65% and in central Da Nang Port from 75% to 65%. Its stake of 80.9% and 99.05% at the […]

PetroVietnam to begin large-scale divestment

Vietnam National Oil and Gas Group (PetroVietnam) will complete the divestment from several subsidiaries by 2020, according to newswire Petrotimes. Accordingly, PetroVietnam is permitted to retain its entire holdings in only three subsidiaries, namely the parent company PetroVietnam, National Southern Spill Response Centre (Nasos), and PetroVietnam Manpower Training College. PetroVietnam will have to divest part […]

More Vietnamese investment funds receive licenses as Vietnam stock market thrives

A manager of TVAM said TVAM would launch the new fund – TVGF2 – a closed-end fund in early October. It will be listed on HOSE. Observers commented that more funds are being set up because of improved management and increased demand for investment because of the thriving stock market. PVI, a fund management company, […]

Carlsberg gets a boost from Habeco

Denmark-based brewery Carlsberg has received support to expand its ownership in Habeco to one-third of total shares. The Ministry of Industry and Trade last week sent a document to Habeco ordering Habeco to sell an additional 13 per cent stake to its foreign strategic shareholder Carlsberg. Habeco will sell shares to Carlsberg at the price of VND50,015 ($2.4) per share, according to the document. The price is equal to Habeco’s initial public offering (IPO) price. Habeco conducted an IPO in 2008. Carlsberg became Habeco’s strategic shareholder in 2008, holding a 16.07 per cent stake. One year later, Carlsberg signed a memorandum…

Shareholders Seek Alignment Of Interests And Stronger Governance At Vinaland Ltd

A large group of significant shareholders of VinaLand Limited, led by Composition Capital Partners, are objecting to the forthcoming proposal for ‘Reorganization’ by the Board of VinaLand, who are seeking approval in a vote planned at an extraordinary general meeting of shareholders to be held in Zurich on 21St November 2012. Composition Capital is a […]

Vietnam Ministry Requests Habeco to Sell 13% Stake to Carlsberg

The Ministry of Industry and Trade (MoIT) has requested Habeco to sell another 13% stake in the company to Carlsberg Breweries A/S. The request was done under the instruction of Deputy Prime Minister Vu Van Ninh and shares will be sold at the same IPO price of VND50,015 a share. The MoIT also requested Habeco […]

Morgan Stanley seeks to halt Facebook arbitration case

Morgan Stanley is trying to halt a securities arbitration case filed by a Facebook investor who blames the firm and other companies for losses she suffered in the social media giant’s botched initial public offering and is seeking US$1.9 million in damages. Morgan Stanley, a lead underwriter for the IPO, says the investor is not […]

BIDV to get listed soon

Bank for Investment and Development of Vietnam, or BIDV, will have its shares listed on the southern bourse by the end of the year, with the reference price set at VND20,000 each. BIDV plans to list its shares either by the end of the month or early next month, the lender said in its announcement, adding the debut price of VND20,000 can be adjusted by the board of directors later. The average share price in the initial public offering (IPO) of BIDV on December 28 last year was VND18,583 per share, VND83 higher than the price offered by the bank. With…

Citi fined $2 million over Facebook IPO, fires two analysts

BOSTON/SAN FRANCISCO – Citigroup fired its top Internet analyst, Mark Mahaney, and paid a US$2 million fine to a Massachusetts regulator to settle charges that the bank improperly disclosed research on Facebook IPO and information on other tech companies. It was the first formal charge involving an underwriter’s disclosure of sensitive financial information ahead of the social media company’s $16 billion initial public offering in May. Lead underwriter Morgan Stanley has come under criticism for revealing revised Facebook Inc earnings and revenue forecasts to select…