Preparing for equitization of Vietnam Rubber Industry Group

DNUM_CGZAJZCABH 11:23

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 the enterprises to be equitized, including VRG, 20 agricultural companies and 4 public service units, is over 49,000 billion VND.

Cao su ở Tân Ky bị gãy đổ trong cơn bão số 2 vừa qua
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 contracted 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

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Preparing for equitization of Vietnam Rubber Industry Group
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