Vietnam Airports Corporation holds first meeting for shareholders
The Aviation Airport Corporation of Vietnam (ACV) held the first meeting for shareholders in Ho Chi Minh City on March 16.
The event is considered a necessary move to turn the State-owned ACV into a joint-stock company, according to the steering committee for equitisation of ACV.
On October 6, 2015, the Prime Minister approved a plan to equitise ACV with chartered capital of 22.4 trillion VND (over 1 billion USD). More than 2.2 billion stocks were to be sold to the market at 10,000 VND (0.45 USD) each. The State would hold 75 percent of the group’s chartered capital, while 20 percent of the remaining stake was to be sold to strategic investors.
The ACV coordinated with Ho Chi Minh Stock Exchange (HOSE) to organise the first initial public offering (IPO) in the city on December 10, 2015.
At the meeting, Nguyen Nguyen Hung was re-elected Chairman of the ACV’s members council while Le Manh Hung continued to hold the position of ACV General Director.
On October 6, 2015, the Prime Minister approved a plan to equitise ACV with chartered capital of 22.4 trillion VND (over 1 billion USD). More than 2.2 billion stocks were to be sold to the market at 10,000 VND (0.45 USD) each. The State would hold 75 percent of the group’s chartered capital, while 20 percent of the remaining stake was to be sold to strategic investors.
The ACV coordinated with Ho Chi Minh Stock Exchange (HOSE) to organise the first initial public offering (IPO) in the city on December 10, 2015.
The Ministry of Transport on March 14, 2016 issued a decision to adjust the chartered capital of the ACV joint stock company to over VND21.7 trillion (US$976.5 million), equivalent to more than 2.17 billion shares at 10,000 VND each. The State holds 95.4% of the shares.
At the meeting, Nguyen Nguyen Hung was re-elected Chairman of the ACV’s members council while Le Manh Hung continued to hold the position of ACV General Director.
