Danang port to launch IPO this month

Hanoi: The Port of Danang, the largest in central Vietnam, will sell over 8.3m shares in its initial public offering (IPO) in Hanoi on June 11.

The offering accounts for 12.57% of thepaid up capital of the port. Each share is being offered at VND11,400 ($0.54).

The port was established in 1976, and it has operated as a limited company under the ownership of the Viet Nam National Shipping Lines (Vinalines) since 2008.

Danang is one of a host of ports set to list as Hanoi pushes for greater privatisation in the transport sector.  [02/06/14]

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