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Yeah1 is about to sell 6 subsidiaries.
Yeah1 Group plans to divest all its capital in six subsidiaries, with a total of 82,6 million shares expected to be transferred.
Despite the resignation of its chairman and seven other executives in a single day, the company's stock still surged.
Minh Khang Capital has only 3 employees, but as many as 7 leaders and the chairman resigned simultaneously in one day. Notably, CTP shares continuously hit the ceiling price.
LienVietPostBank wants to change its name to LPBank.
Considering that the name LienVietPostBank has many characters, is difficult to pronounce, and hard to remember, the bank's Board of Directors plans to propose to shareholders a change of name to LPBank.
The Ministry of Construction is restructuring and divesting from a series of major corporations.
The Ministry of Construction is restructuring and divesting from Song Hong Corporation, Construction Machinery Corporation, and privatizing the Housing and Urban Development Corporation (HUD) and Vietnam Cement Corporation (VICEM).
Irregularities at SAGRI: Former Vice Chairman of Ho Chi Minh City, Tran Vinh Tuyen, says it was 'due to negligence'.
"I was somewhat negligent in not checking SAGRI's divestment process when it was not carried out in accordance with the law," defendant Tran Vinh Tuyen testified before the court.
DIC Group shares surge, major companies sell off to take profits.
DIC Group's DIG stock has surged 155,6% in the past year, reaching its highest price since listing, prompting many major shareholders to rush to sell and take profits.
Vinaconex will divest all its capital in Vinahud.
Vietnam Construction and Import-Export Corporation has just approved a plan to divest its stake in a subsidiary.
The Ministry of Construction has divested all its capital in Hancorp.
The Ministry of Construction is auctioning off 139.399.608 shares it owns in Hanoi Construction Corporation - JSC (Hancorp), worth over 1.393 billion VND, representing 98,83% of the charter capital.
VNPT, a major player in the Vietnamese telecommunications sector, is selling off its stake, causing Telcom's shares to skyrocket.
Telcom's TEL stock surged by over 115% after VNPT put more than 2,4 million of its shares up for sale, despite the telecommunications company's fluctuating business performance.
Why haven't many major corporations gone public yet?
Large economic groups and corporations with complex financial situations, wide scope of operations, and extensive land ownership are one reason why privatization is slow.
120 state-owned enterprises must divest their capital in 2020.
The Prime Minister has just issued Decision 908/QD-TTg approving the list of state-owned enterprises to divest their capital by the end of 2020.
Hapro divests its stake in Thuy Ta Ice Cream.
Hapro plans to transfer 21,25% of its capital to reduce its ownership stake to 30%.
Ministry of Finance: State-owned enterprise equitization is slow, only reaching over a quarter of the plan.
According to the Ministry of Finance, the divestment plan has fallen behind schedule, requiring more decisive action from relevant units and accountability from their leaders.
EVN earns over 2.000 billion VND from divesting non-core businesses.
EVN divested its stake in 100% of businesses unrelated to its core business, generating over 2.341 billion VND in revenue.
Mobifone completes divestment of all its stake in TPBank.
Mobifone Telecommunications Corporation has just reported the results of divesting its shares in Tien Phong Commercial Joint Stock Bank (TPBank - stock code TPB).
The Ministry of Construction has approved the divestment of nearly 18% of state capital in Viglacera.
The Ministry of Construction has just issued a document agreeing to divest 17,97% of Viglacera's charter capital through a public auction on the stock exchange.
Why is SCIC continuously selling FPT shares?
SCIC is once again taking steps to divest its stake in FPT, after successfully selling 500 shares of this telecommunications giant.
Vietcombank is officially no longer a major shareholder in MBBank and Eximbank.
To ensure compliance with the regulations in Circular 36 of the State Bank of Vietnam, Vietcombank has completed the reduction of its ownership stake and is no longer a major shareholder in MBBank and Eximbank.
The divestment process at Vietnam Education Publishing House needs clarification.
The Vietnam Education Publishing House is carrying out a thorough divestment of its stake in a subsidiary, but the buyer is a company within the system where the state holds a 46% stake.
Vinaconex shares fluctuate despite being sought after by many big investors.
Vinaconex shares are attracting a lot of attention, but this hasn't helped the company's stock price rise as strongly as expected; in fact, it has declined quite sharply in many trading sessions.
Viglacera reduces state ownership to 36%.
On the morning of June 29, 2018, Viglacera Corporation - JSC (stock code: VGC) held its 2018 annual general meeting of shareholders, according to which the state ownership ratio in the corporation will be 36%.
Sell all shares of Electromechanical Joint Stock Company.
The Hanoi Stock Exchange has just announced that Ho Chi Minh City Power Investment and Business Corporation has sold all of its EME shares in Dien Co Corporation.
GPBank earns nearly 600 billion VND from divesting its hotel on prime Hanoi land.
Three investors acquired all of GPBank's more than 1,87 million shares in Kim Lien Hotel at a price of 305.053 VND per share, generating 571 billion VND for the bank.
Thaibev seeks help from the Vietnamese government: What did the Sabeco chairman say?
The Chairman of Sabeco discussed the Government Office's message conveying Deputy Prime Minister Vuong Dinh Hue's request for the Ministry of Industry and Trade to address Thaibev's proposal regarding its involvement in the management of Sabeco.
Vinatex 'ties up capital' in 12 enterprises, risking failure to protect state capital.
According to a report by the Vietnam Textile and Garment Group (Vinatex), the company currently has 12 investments that need to be divested; however, these investments are located in underperforming businesses, making it difficult to preserve state capital if sold, or to attract any bidders.
Massive divestment at Vietnam Airports Corporation.
The state shareholder will divest approximately 20% of its charter capital, equivalent to 435,4 million shares, in the Vietnam Airports Corporation (ACV) through a public auction around the third quarter of 2018.
The State budget collected over 9.000 billion VND in one month thanks to the divestment of Vinamilk shares.
According to a report released by the Ministry of Finance on the morning of December 8th, the amount of money collected from divestment by corporations and state-owned enterprises in November was 9.072 billion VND. Of this amount, the sale of 3,33% of Vinamilk's shares in November alone generated 8.733 billion VND.
Increasing charter capital presents banks with numerous challenges.
The money market is witnessing a new capital raising race, primarily driven by banks needing to increase their financial capacity to meet Basel 2 standards and serve the current high demand for credit growth.
Sacombank completely divests its stake in Noi Bai Airport's aviation services.
This divestment is estimated to have brought Saigon Thuong Tin Bank nearly 32 billion VND.
Despite market conditions, shares of the two major beer companies surged simultaneously.
News of divestment at Sabeco and Habeco caused the shares of the two corporations to unexpectedly surge, contrary to the market's downward trend.
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