Vinalines gears up for IPO

Vinalines gears up for IPO

Ahead of a long-planned IPO in December this year state-run Vinalines has audited and is now deemed to be worth VDN16.74bn ($736.6m). Post IPO, Hanoi will retain a 65% holding in the nation’s flagship carrier, with 17.50% offered to strategic investors and 17.50% offered to the public.

Vinalines has been pushing for an IPO for much of the past decade. It has been holding roadshows around Southeast Asia this year to try and drum up support for the listing.

Money earned from the listing will partially go on a much needed fleet rejuvenation plan.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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