|Vinamotor mainly operates in auto mechanics. It owns an auto assembly factory in northern Bac Giang Province and has invested in many subsidiary companies. — Photo baodatviet.vn
HA NOI (VNS) — Ha Noi Stock Exchange has announced it will host the auction of State-owned shares in a lot for Viet Nam Motors Industry Corporation (Vinamotor) on January 11, 2016.
The investors who want to take part in the auction will have to buy the entire 85.58 million shares, or 97.7 per cent of Vinamotor's registered capital, at a starting price of VND14,612 per share (US$0.64), for a total of more than VND1.15 trillion ($51.1 million).
The list of investors who have met the conditions for the auction will be announced on January 4. They will have ownership capital of no less than VND926 billion ($41.16 million) as of June 30, 2015, and no cumulative