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Banking & Finance

Vinalines announces IPO of its shares

Released at: 09:45, 08/08/2018 BUSINESS SPOTLIGHT

Vinalines announces IPO of its shares

Photo from Vinalines

Bid forms will be received from August 8 - 28.

by Linh Chi

Vietnam National Shipping Lines (Vinalines) has made the following announcement regarding the initial public offering of its shares:

According to Decision No. 751/QD-TTg dated 20/6/2018 by the Prime Minister approving the plan on equitization of the parent company - Vietnam National Shipping Lines;

According to Decision No. 1659/QD-BGTVT dated 03/08/2018 approving result of selection of strategic shareholders and amendment of number of shares for initial public offering of the parent company – Vietnam National Shipping Lines;

According to Shares Auction Regulation of the parent company – Vietnam National Shipping Lines dated 07/08/2018 issued by Hanoi Stock Exchange,

1. General information of equitized company:

- Name:  Vietnam National Shipping Lines – One member limited company

- Address: OCEAN PARK building, No. 1 Dao Duy Anh, Phuong Mai ward, Dong Da District, Hanoi, Vietnam

2. Business lines:

No.

Name of business line

Code

1

Sea and coastal freight water transport

- Maritime transport business activities;

5012

2

Inland water transport

- Waterway transport business activities;

5022

3

Road transport 

- Road transport business activities;

4933

4

Other transport support activities

- Multimodal transportation services; Logistics services;

- Agents, brokers providing maritime services; ship supply, towage service, river ships, crew and waterway support services;

5229

5

Service activities incidental to water transport

- Operations at seaports, river ports;

5222

6

Warehousing and storage

- Warehousing and storage business activities;

5210

7

Repair and maintenance of transport vehicles (except automobiles, motorcycles, and other motor vehicles)

- Repair of sea transport vehicles;

3315

8

Maintenance and repair of automobiles and other motor vehicles

- Repair of road transport vehicles and other vehicles;

4520

9

Manufacture of other transport vehicles and equipments n.e.c

- Manufacture of vehicles and equipments for specialized transportation and handling;

3099

10

Wholesale of other machinery and equipments n.e.c

- Wholesale of vehicles and equipment for specialized transportation and handling;

4659

11

Leasing of other machinery, equipment, and tangible goods

- Leasing of vehicles and equipments for specialized transportation and handling;

7730

12

Supply and management of labor resources

- Labor export and domestic and foreign organizations (operating only when permitted by competent authorities);

7830

13

Other supporting business segments include:

- Exportation services of specialized maritime vehicles, equipments, raw materials, and fuels; Supply services of materials, fuels, food, and fresh water;

8299

14

Real estate activities (either with owned lands or leased property)

In detail: Leasing and operation of real estate with owned or leased property;

6810

15

Short-term accommodation activities

In detail: Hospitality business (excluding bar, karaoke bar, discotheque);

5510

16

(For conditional business lines, enterprises are only permitted to carry out business activities up on satisfying conditions in accordance with the law)

 

3. Expected chartered capital after equitization: VND 14,046,058,000,000; respectively 1,404,605,800 shares (calculated as per face value).

Where:

-  State’s ownership: 912,993,770 shares

-  Offered shares for staff:: 2,293,900 shares

            + Offered shares for staff based on number of years working in public sector: 1,599,000 shares

+ Offered shares for staff based on number of years committed to work for the joint stock company:  694,900 shares

- Offered shares for the Union: 500,000 shares

- Shares for IPO: 488,818,130 shares

4. Starting bid price: VND10,000/share

5. Address and Name of the Auction Organization:

- Organization: Hanoi Stock Exchange

- Address: No. 02, Phan Chu Trinh, Hoan Kiem, Hanoi.

6. Participating conditions: Institutions and individuals who meet the standards stated in Regulation on Share Auction of Hanoi Stock Exchange on 07/08/2018

7. Date and location to receive bid form:

- Date: from 08h00, 08/08/2018 to 15h30, 28/08/2018 (working hours)

- Location: Public auctioning agents as stated in Regulation on Share Auction of Hanoi Stock Exchange on 07/08/2018.

8. Date and location to submit bid form and deposit:

- Date: from 08h00, 08/08/2018 to 15h30, 28/08/2018 (working hours)

- Location: Public auctioning agents as stated in Regulation on Share Auction of Hanoi Stock Exchange on 07/08/2018.

9. Date and location to submit attendance form:

- Date: Untill16h00 on 31/08/2018

- Location: Public auctioning agents as stated in Regulation on Share Auction of Hanoi Stock Exchange on 07/08/2018.

10. Date and location of the auction:

- Date: 08h30, 05/09/2018

- Location: Hanoi Stock Exchange, no. 02, Phan Chu Trinh, Hoan Kiem, Hanoi

11. Date to return deposits to investors who do not win the auction:

- From 07/09/2018 to 12/09/2018

12. Date for successful investors to pay for the shares:

- From 06/09/2018 to 16h00, 15/09/2018

Participating investors can receive the information disclosure, Regulation on Share Auction and other documents on: www.hnx.vn; www.vinalines.com.vn ; www.ssi.com.vn.

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