Wednesday, September 20 2017

VietNamNews

VNPost to divest from its member company

Update: September, 15/2017 - 17:30
VNPost holds 90.22 per cent charter capital of Post and Telecommunications Tourism Joint Stock Company. — Photo baothanhhoa.vn
Viet Nam News

HÀ NỘI — Việt Nam Post Corporation (VNPost) will auction its stake of 8.79 million shares in Post and Telecommunications Tourism Joint Stock Company, equivalent to 90.22 per cent of the charter capital.

The auction will take place at the Hà Nội Stock Exchange on September 28.

The total value of shares offered for sale is VNĐ87.9 billion (US$3.87 million), with the starting price of VNĐ18,500 per share.

Established in 2001, Post and Telecommunications Tourism Joint Stock Company has initial registered capital of VNĐ120 billion.

Currently, the company owns charter capital of VNĐ97.51 billion, of which VNPost holds 90.22 per cent.

The company focuses on providing hotel and restaurant services, organising travel tours, and managing transportation and consultation services.

According to the enterprise’s valuation results, the total value of the company’s assets is VNĐ194.66 billion, while liabilities is VNĐ14.67 billion and the remaining value of the enterprise is VNĐ179.99 billion, of which cash and short-term investments account for VNĐ66 billion.

In 2017, the company has targeted net revenue of VNĐ56 billion and after-tax profit of VNĐ3.2 billion. — VNS

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