DATC to auction off transportation businesses stocks

October 12, 2018 - 16:30

HÀ NỘI — Việt Nam’s Debt and Asset Trading Corporation (DATC) branch in HCM City is selecting a consulting agency to auction shares of Đồng Tháp Transport Construction Joint Stock Company.

DATC hopes to earn VNĐ3 billion by auctioning 544,200 shares of Đồng Tháp Transport Construction Joint Stock Company. — Photo theleader.vn

Viet Nam News

DATC will publicly auction 544,200 shares of the firm, valued at VNĐ10,000 (US$0.43) per share, at a starting price of VNĐ5,600 per share. If the auction is successful, DATC expects to earn more than VNĐ3 billion.

DATC is also attempting to sell assets and other receivables including investments, debts and property. It is organising a property auction that includes buildings, machinery and inventory tools.

The properties come from Hà Tĩnh Urban and Environmental Works Stock Company and Hà Tĩnh Water Supply Joint Stock Company.

In addition to selling assets and shares in these two companies, DATC also announced the sale of receivables from the Hà Nội Electronic and Telecommunication Engineering Company. — VNS

Tags Vietnam Vietnam News DATC news

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