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

FPT and DENSO sign MoU to accelerate software-defined vehicle innovation

bizhub

Sacombank wins nine awards from card organisations

bizhub

Work starts on $84.5-million glove manufacturing project in Nam Định

bizhub

Mega trading project starts construction in Đà Nẵng

bizhub

Samsung holds second corporate social responsibility day

bizhub

Growing wine market to be worth US$382 million

More on this story

bizhub

IT Mekong Club makes debut

The Việt Nam Chamber of Commerce and Industry’s branch in Cần Thơ Province (VCCI Cần Thơ) debuted the Information Technology (IT) Mekong Club on Thursday.

bizhub

Shinhan Bank Vietnam no longer a major investor in VnDirect Securities

Shinhan Bank Vietnam Limited is no longer a major investor in VnDirect Limited Securities Company after a foreign investor sold some of its stake of the securities company.

bizhub

Shares gain in morning trading

Shares rose on the two national stock exchanges on Friday morning thanks to high liquidity.

bizhub

Ford posts sales growth of 76 per cent

US automaker Ford Vietnam gained a month-on-month growth of 76 per cent in sales, reaching 2,327 in September, mostly due to strong sales of the newly launched Ranger and Everest.

bizhub

VinaCapital investors conference opens

More than 150 domestic and foreign investors are participating in VinaCapital’s 2018 Investor Conference in HCM City on October 11 and 12.

bizhub

Novaland launches luxury apartments at $6,000 per square metre

Giant property developer Novaland Group has launched a new apartment project, The Grand Manhattan, in the heart of HCM City.

bizhub

Japanese financial group wants to raise holding in VietinBank

Japan’s Mitsubishi UFJ Financial Group (MUFG) expected to increase its holding in VietinBank from the current 17.7 per cent to 50 per cent of the bank’s charter capital, according to the group’s vice chairman Eiichi Yoshikawa.

bizhub

Natcom to pay dividend in Haiti for first time

Natcom - a joint venture of Viettel Group in Haiti - has paid a share dividend for 2017 of US$3 million. This is the first time Natcom has paid a dividend since the official launch of the company in September 2011.

bizhub

Café PHỐ celebrates fifth birthday

Food Empire Việt Nam, a subsidiary of the Singapore-based Food Empire Holding Ltd., has launched a campaign called “Café PHỐ - Stir up the Love for Việt Nam” to celebrate the fifth anniversary of Café PHỐ, one of the top five instant coffee brands in Việt Nam.