Asia

Local firm takes an interest in Quang Ninh Port

Hanoi: Local firm T&T Group has become the first domestic investor expressing interest in buying out the state’s shares in Quang Ninh Port – the second largest port in the north if Vietnam after Haiphong.

State run Vinalines is looking to offload 49m shares in the port, equivalent to 98% of the charter capital of the state in the port which should net the troubled carrier around $15m.

The shares are likely to go up for auction soon.  [06/02/15]

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