Tuesday, May 26 2020

VietNamNews

Publishing house to divest capital from Tân Mai Group

Update: April, 14/2020 - 13:16
A book store of Việt Nam Education Publishing House Limited Company. — Photo doisongphapluat.com

HÀ NỘI — Việt Nam Education Publishing House Limited Company will auction off 7,216,576 shares at Tân Mai Group at the Hà Nội Stock Exchange (HNX) on April 29.

The shares are equivalent to VNĐ72.1 billion (US$3.07 million), accounting for 8.1 per cent of the group's charter capital with an initial price of VNĐ11,500 per share.

Tân Mai Group, formerly known as Việt Nam Paper Technology Company, was established in 1958 as a State-owned company.

It has been equitised and operated as a joint-stock company since 2006.

The company has undergone seven increases of charter capital from 2006 to 2013 from VNĐ348 billion to VNĐ890 billion.

Shareholders holding more than 5 per cent of the company's charter capital include Việt Nam Paper Corporation (22.6 per cent), Việt Nam Education Publishing House Limited Company (8.1 per cent) and an individual (61.7 per cent).

Before 2012, the company's main product was paper. Currently, the company's main activity is investing in real estate and forestry projects.

The company has suffered losses since 2012 due to ceasing paper production. — VNS

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