Preparing for equitization of Vietnam Rubber Industry Group
On September 25, the 2017 labor representative conference (extraordinary) approved the equitization plan of the parent company - Vietnam Rubber Industry Group (VRG) - was held in Ho Chi Minh City.
The actual value of enterprises to be equitized, including VRG, 20 agricultural companies and 4 public service units, is over 49,000 billion VND.
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| Rubber trees in Tan Ky were broken during the recent storm No. 2. Photo: CL |
According to Mr. Tran Ngoc Thuan, General Director of VRG, the group agreed to submit to the Prime Minister the selling price of 13,000 VND/share, the auction location is at the Ho Chi Minh City Stock Exchange.
There are 2 subjects of sale: Sale to workers and contracting households, trade unions, with a selling price equal to 60% of the lowest successful auction price; sale to workers who meet the conditions to commit to buy additional preferential shares, with a selling price equal to the lowest successful auction price.
Public auction of over 475 million shares (accounting for 11.8% of charter capital; equal to 50% of the volume of shares offered after deducting the number offered to employees, contractors and trade unions); Selling to strategic investors 11.8% of charter capital. VRG proposes the time to complete the initial share sale to be 3 months from the date the equitization plan is approved.
According to Saigongiaiphong
