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Vietnam's Vinalines to offer 4.89 mln shares in IPO on Sept 5

The company, better known as Vinalines, will auction 488.82 million shares, or a 34.8 percent stake, at a price of 10,000 dong a piece at the Hanoi Stock Exchange on Sept. 5, Saigon Securities said in a filing.


Reuters 08 Aug 2018, 04:52 AM Vietnam
  • The company, better known as Vinalines, will auction 488.82 million shares, or a 34.8 percent stake, at a price of 10,000 dong a piece at the Hanoi Stock Exchange on Sept. 5, Saigon Securities said in a filing. (Image Credit: Twitter)

Vietnam National Shipping Lines, a state-owned shipping firm, is seeking to raise around 4.89 trillion dong ($210 million) from an initial public offering (IPO) next month, Saigon Securities Inc. said on Wednesday.

The company, better known as Vinalines, will auction 488.82 million shares, or a 34.8 percent stake, at a price of 10,000 dong a piece at the Hanoi Stock Exchange on Sept. 5, Saigon Securities said in a filing.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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