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Vinatex divests shares in investment arm

Update: June, 22/2013 - 08:53

HA NOI (VNS)— The Viet Nam National Textile and Garment Group (Vinatex) will auction its 3.03 million shares in Vinatex Investment Company next Tuesday, according to the Ha Noi Stock Exchange.

Under the restructuring scheme of Vinatex, the Government requires the group to equitise between the 2013-15 period. Excluding the companies Vinatex owns outright, it will have to divest from 37 businesses.

Vinatex Investment Co has a charter capital of VND101 billion (US$4.8 million).-VNS

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