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Who will be strategic shareholders of MobiFone?
2008-06-10 06:31:00 Unstopped slump of the stock market did not affect to the desire of the world's leading telecommunication groups to become strategic shareholders of Viet Nam's MobiFone-the first mobile telecom service provider making equitisation. A source from MobiFone said that without an exact equitisation schedule, but there... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
EVN Telecom pursues strategic partnership
2008-06-08 13:34:00 EVN Telecom has asked Electricity of Viet Nam (EVN) to delay its initial public offering (IPO) so that it may explore foreign strategic partnerships. So far, five or six large foreign telecom groups have expressed interest in buying EVN Telecom?s shares, said EVN. EVN Telecom plans to equitise this year, despite the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Firms consider the wisdom of holding IPOs
2008-06-07 17:31:00 Many State-owned enterprises are debating whether or not to hold initial public offerings (IPO) with the market already saturated and investors discouraged with trading. ?Investors are no longer eager for public auctions, due to cash shortages and the sluggish exchange,? Nguyen Tien Dung, an independent analyst,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
EVN Telecom proposes selecting of strategic partners before IPO
2008-06-07 03:54:00 A source from Electricity of Viet Nam Group (EVN) said that despite of the stock market slump, its arm EVN Telecom still decided to make IPO within this year. Currently, EVN Telecom is implementing corporate value appraisal and choose the equitisation method. The enterprise also asked EVN's permission to auction... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Lilama 45.3 to go public
2008-06-06 02:23:00 The Hanoi Securities Trading Center (HaSTC) recently announced that shares of Lilama 45.3 Joint Stock Co would be officially traded on the northern bourse from June 11, marking the Viet Nam Machinery Installation Corp (Lilama)'s third subsidiary share code put into transactions on the northern floor and second... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Vietinbank to make IPO late this year
2008-05-30 08:24:00 The Vietnam Bank for Trade and Industry (Vietinbank) will make its first initial public offering (IPO) later this year, a bank senior official said. Vietinbank plans to sell 25% of its shares issued in the first IPO to the public and probably another 24% by 2010. At present, eight foreign banks sent notes to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Vietinbank plans maiden share offering by end of year
2008-05-29 02:33:00 The equitisation process of many large state owned enterprises (SOEs) has lagged due to the stock market slide. Factually, apart from raising capital, equitisation is very significant as for the reform of these enterprises. Exchanging with Dau Tu Chung Khoan, Pham Huy Hung, chair of Vietinbank director board said that... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Seminar urges firms to list shares overseas
2008-05-21 03:02:00 More enterprises should try to list shares overseas as a more effective channel for raising capital, says Nguyen Ngoc Canh, head of International co-operation under the State Securities Commission (SSC). Speaking at a conference yesterday in Ha Noi entitled A Step into Globilisation Through IPOs and Listing, Canh... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Extending the time period for IPO auctions could hold businesses back
2008-05-20 12:22:00 The slow progress in equitising state owned enterprises (SOEs) is attributed to many reasons such as uncoordinated procedures, cumbersome administrative formalities, and bad debts. Many people say that the current situation on the stock market is not favourable for SOE to equitise and issue Initial Public Offerings... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
It?s time to make IPO abroad: SSC
2008-05-20 07:21:00 Nguyen Ngoc Canh, Head of the International Cooperation Division under the State Securities Commission (SSC), said that it is now the right time for Vietnamese companies to make IPOs and list on foreign bourses, when the domestic stock market is lackluster, investors escape from trading floors and commodities remain... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Rules eased for IPOs
2008-05-18 11:04:00 Decree No109/2007/ND-CP of June 26, 2007, regulating the participation of investors in the equitisation of State-owned enterprises, allows non-strategic foreign investors to take part in bidding on initial public offerings (IPOs) alongside domestic investors. However, overall foreign ownership in a commercial bank... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Seminar on IPO and listing in Singapore
2008-05-17 03:21:00 A seminar titled "IPO and listing on Singapore Stock Exchange" will be held in Hanoi on May 19 and in HCM City on May 21 under the combination of Viet Nam's State Securities Commission (SSC) and ICH Singapore financial group within the framework of Vietnam-Singapore market connection programme to help Vietnamese... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
IPO policies should be reconsidered: expert
2008-05-17 02:29:00 Cao Sy Kiem, former Governor of the State Bank of Vietnam, now a member of the National Advisory Council for Financial and Monetary Policies, said that in the context of the market?s falls, it is necessary to reconsider IPO policies, weighing the possible success, IPO techniques, stake sale prices and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
SSC gives go-ahead to five IPOs
2008-05-15 03:03:00 The State Securities Commission (SSC) has approved in principle three companies to offer shares to the public namely Pymerphaco Joint Stock Co, Petroleum Transportation Joint Stock Co and VTC Telecom Joint Stock Co. At the same time, SSC also issued the Decision No 328/QD-UBCK dated on May 9 to extend license of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
IPOs should not be delayed any longer
2008-05-12 13:02:00 Experts, once again, have urged big corporations, which intend to make IPO, to go ahead with their IPO plans instead of delaying them because of the market?s falls. The Ministry of Finance considers the IPO delays as a necessary solution to prevent the stock market from further falling. However, experts think that it... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Vietcombank bosses face worried shareholders
2008-04-28 12:38:00 Vietcombank's shareholders voiced strong concerns about shrinking share prices in the bank's first general shareholders meeting on Saturday, putting management on the hot seat to explain the bank's shrinking assets during the first quarter of the year. In last December's initial public offering, the average winning... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Dilemma: IPOs unable to find customers
2008-04-28 12:35:00 IPOs have become less and less attractive to investors. Experts believe that the main reason behind the problem is overvalued shares. The quiet IPOs In the first quarter of 2008, only 10 IPOs were organised at the HCM City Stock Exchange (HOSE), 1/3 of which failed as there were few participants. The situation was... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Vietcombank General Shareholders' Meeting 2008: Puzzle Pieces
2008-04-27 22:38:00 Vietcombank, one the largest commercial bank in Viet Nam held its first General Shareholders' Meeting on April 26, 2008. For the first time the name Viet Nam Joint-stock Bank for Foreign Trade has ever appeared. The meeting marked a new stage of development for Vietnam's most hitorically rich commercial... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Bac Lieu fisheries processor goes public
2008-04-26 02:44:00 The Hanoi Securities Trading Center (HaSTC) on April 22 approved in principle Bac Lieu Fisheries Joint Stock Co (coded BLF) to list shares on the northern bourse. BLF officially changed into the model of joint stock company from July 20, 2006 specialising in seafood and aquatic production, processing, export and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Choosing strategic partners: Vietcombank at disadvantage
2008-04-23 12:11:00 Vietcombank is thought to be at a disadvantage in negotiating with foreign investors to choose strategic partners, especially in relation to share prices. One of the most important topics to be raised at the shareholders? meeting of Vietcombank, slated for April 26, will be the selection of foreign partners. In... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Habeco to sell Carlsberg left-over shares
2008-04-22 08:04:00 The Hanoi Beer Alcohol and Beverage Co (Habeco) will sell a portion of the shares left over from its undersubscribed initial public offering (IPO) to its foreign strategic partner, Denmark-based brewer Carlberg. Habeco is working on a detailed plan for the sale of shares, according to a representative of the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
IPO incomplete, Habeco shares sold to Carlsberg
2008-04-21 17:43:00 Habeco Company has received the nod from the Prime Minister to sell shares remaining from its IPO to Carlsberg. Habeco carried out the IPO at the end of March but only 12.59% of shares were bought. Of the rest, a certain number of shares will be sold to Carlsberg in such a way that Habeco can shift into a joint stock... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Vietinbank plans to sell 25% stake to make IPO
2008-04-19 02:42:00 Dr Pham Huy Hung, chair of Vietinbank director board recently revealed his bank?s IPO plan in the following interview. Excerpts: Can you please detail the IPO plan of Vietinbank? Our bank gives high priorities for making the financial strength healthy. Since 2002, in the bank's development orientation, we have... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Communication firm No 1 to go public
2008-04-19 02:28:00 The Hanoi Securities Trading Center (HaSTC) recently announced that on April 16 it received full necessary documents from the Communication Joint Stock Co No 1 to list two million shares on the bourse. The company with a chartered capital of 20 billion dong specialises in trading materials, commercial services,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
PM agrees to equitise 19 firms by end of 2010
2008-04-17 09:16:00 A total of 19 one-member limited companies under the management of the State Capital Investment Corporation (SCIC) will be equitised over the next two years under a plan approved by the Prime Minister on Monday. Ten enterprises will be equitised this year. Seven more will be equitised in 2009 and two enterprises are... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Netscape?s Initial Public Offering History: Spirit of a Successful Business
2008-04-15 08:16:00 Before the popularity of Microsoft?s Internet Explorer and Mozilla Corporation?s Firefox web browser, Netscape first dominated the web browsing arena. It was formerly known as the Netscape Communications Corporation that was established in 1994. It offered an extensive line of client and integrated computer applications software for commerce and communications over the Internet and private ...SHARETHIS.addEntry({ title: "Netscape?s Initial Public Offering History: Spirit of a Successful Business Entity ", url: "http://www.options-university.-biz/blog/initial-public-stock-i-po/netscape%e2%80%99s-initial-p-ublic-offering-history-spirit-o-f-a-successful-business-entity"- });
Listing shares: big cheeses may miss appointments?
2008-04-11 12:11:00 Leaders of big corporations and groups still confirm their determination to list on the bourse as initially scheduled. However, in many cases, the implementation of the listing plans still depend on many other factors as well. Investors all know by heart the equitisation and listing plan of Vietcombank, which was... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
MHB likely to make IPO in 2008
2008-04-11 04:02:00 Mekong Delta Housing Development Bank (MHB)'s chair Huynh Nam Dung confirmed that his bank would likely make IPO within this year. Thoi Bao Kinh Te Viet Nam newspaper had an interview with the chair recently. Excerpts: The government recently approved MHB's equitisation plan. Can you please detail the IPO plan? We... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
State oil producer equitises 12 subsidiaries
2008-04-11 03:58:00 The Viet Nam National Oil and Gas Group (PetroVietnam) recently announced that it finished equitisation for 12 its subsidiaries and earned 23.788 trillion dong from the equitisation. Of which, the principle was 4.982 trillion dong and capital surplus was 18.806 trillion dong. According to PetroVietnam, total state... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
BIDV 2007 Pretax Profit VND2.1 Trillion Vs VND650 Billion
2008-04-10 13:45:00 The state-owned Bank for Investment and Development of Viet Nam (BIDV) made a pretax profit of VND2.1 trillion last year, more than double 2006's VND650 billion, a bank official said Thursday. At the end of 2007, the unlisted Hanoi-based bank had total assets of VND201.38 trillion, up from VND158.16 trillion, said... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam banks see profit growth slowing in 2008
2008-04-10 13:17:00 Two of Viet Nam's top three lenders by assets expect their profit growth to slow sharply in 2008 as the government takes measures to battle double-digit inflation. State-run BIDV, Viet Nam's second-largest lender by assets, said on Thursday it planned to curb lending and expects annual gross profit growth to slow to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Public to hold one-third of MobiFone shares
2008-04-10 12:27:00 MobiFone, the first mobile network of Viet Nam, is speeding up its equitisation process, says Director Le Ngoc Minh. Minh said equitisation procedures are underway to prepare for MobiFone?s IPO (initial public offering) this year. He said the Viet Nam Post and Telecommunications Group (VNPT) will hold one-third of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
19 enterprises under SCIC to be equitised
2008-04-09 12:42:00 A total of 19 one member limited companies under the management of the State Capital Investment Corporation (SCIC) will be equitised in the 2008-2010 period under a plan approved by the Prime Minister on April 7. Ten enterprises will be equitised this year. Equitisation of seven others will be carried out next year... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Initial Public Offering - 10 Interesting Facts About Initial Public Offerin
2008-04-08 17:02:00 When does a corporate organization feel pleased with itself? When it has managed to live up to its promise of delivering high-quality goods as well as services to the general public, generating significant revenue in the process! For instance, where the trading community is concerned, any institution, organization or business house putting forward an initial ...
By: Personal Finance
STT will bid in delayed Viet Nam sell-off
2008-04-08 13:17:00 Singapore Technologies Telemedia (STT) has confirmed that it will bid for a stake in state-owned Vietnamese cellco MobiFone, but said that it is not expecting the auction to take place until 2009. MobiFone is the country?s second largest cellco by subscribers, with an estimated eight million at the end of 2007. The... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
State to lessen stake in Sabeco
2008-04-08 06:42:00 The Sai Gon Alcohol Beverage Corp. (Sabeco) on April 7 announced it would sell more than 128 million shares to reduce the stake of the State in the company. The volume is equal to 20% of Sabeco?s charter capital of more than 641 billion VND (40 million USD). Currently the State owns 89.6% of the company. Sabeco?s... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
New scrip offers dive as bear market takes hold
2008-04-08 05:22:00 There were only over 10 companies making IPO in the first quarter of 2008, of which one third was unsuccessful, according to the statistics of Dau Tu Chung Khoan. This situation was caused by the weakness of the central stock market. If this situation continues prolonging, it would make serious impacts to the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Habeco reports share auction result
2008-04-02 03:21:00 Hanoi Securities Trading Center (HaSTC) on March 27 reported the result of Hanoi Beer, Alcohol & Beverage Corp (Habeco)'s share auction with the average winning price of 50,015 dong per share, the highest winning price at 62,000 dong per share and the lowest level of 50,000 dong per share, equalling to the initial... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Initial Public Offering -10 Steps To ?Initiation? Of An Initial Public Offe
2008-04-02 00:00:00 Any organization/institution/corpor-ation makes new plans from time to time for its further growth and expansion. Whatever they may be, everything requires money. The necessary funds could come from the incorporation of new products, or from an initial public offering. Let us assume for some time that you have been appointed as the top decision-maker ...
Initial Public Offering- 10 Interesting Facts About Initial Public Offering
2008-04-02 00:00:00 When does a corporate organization feel pleased with itself? When it has managed to live up to its promise of delivering high-quality goods as well as services to the general public, generating significant revenue in the process! For instance, where the trading community is concerned, any institution, organization or business house putting forward ...
Investors register for Thai Duong Co IPO
2008-03-30 16:14:00 Thirty-two investors registered to buy a total of 979,000 shares in the Thai Duong joint stock company during its initial public offering on March 31. The company offered more than 1.9 million shares to the public with an initial price of VND10,500 per share. [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Mekong Housing Bank does its bit to steady market jitters
2008-03-30 15:49:00 Mekong Housing Bank (MHB) will set aside VND1.5 trillion (US$93.3 million) of the State stake in its charter capital during its initial public offerings, according to the bank?s Government-approved equitisation plan. From a total charter capital of VND1.5 trillion (US$93.8 million), the State owns 68.10 per cent,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Administrative procedures hinder SOE equitisation process
2008-03-30 15:46:00 The equitisation process of state-owned enterprises (SOEs) has been implemented over the past 15 years but the results of the process have not met expectations. The slow progress of equitisation is attributed to barriers from administrative mechanisms. According to statistics, by the end of 2006, the country had only... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Carlsberg eyes over 10 pct stake in Habeco
2008-03-27 20:39:00 Denmark's Carlsberg may be able to secure more than the 10% stake reserved for it in the initial public offering of state-owned Vietnamese brewer Habeco, the Danish brewer said on Thursday. Habeco, Vietnam's second-largest brewer, planned to raise at least $108 million from selling an additional 15% of its shares in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Auction Result of Hanoi Beer Alcohol Beverages Corp (Habeco)
2008-03-27 15:53:00 The Hanoi Securities Trading Center announces the share auction result of Hanoi Beer Alcohol Beverages Corp (Habeco): Auction date March 27, 2008 Offer volume (shares): 34,770,000 Par value (VND): 10,000 Beginning price (VND): 50,000 Bidding volume (shares): 4,377,900 Highest winning price (VND/share): ... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
215 investors register to buy Habeco's shares
2008-03-27 01:20:00 The Hanoi Securities Trading Centre (HaSTC) has just announced that there were 215 investors registering to buy Hanoi Beer, Alcohol & Beverage Corp (Habeco)'s shares including 14 organisations with the volume of shares registered to buy of 3,604,400 shares and 201 individuals with the total volume of shares registered... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
One More State-Owned Commercial Bank Goes Public
2008-03-26 12:09:00 The equitization plan of the Mekong Delta Housing Development Bank, a state-owned commercial bank, was approved on Monday by Prime Minister Nguyen Tan Dung. The equitization process will be carried out so that the state?s budget will still remain at the bank and MHB will issue shares to attract more capital from... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
1998 Initial Public Offering: Noted to be an IPOmania for Internet-based Co
2008-03-26 07:03:00 The year 1998 is just a common year on the Gregorian calendar aside from being the year of the Gemini or the Twins. However, there are various significant events happened during this year. In this year of January 6 when the Lunar Prospector (a mission selected by the National Aeronautics and Space Administration for full ...
X20 Co fails to sell all shares at March 25 IPO
2008-03-26 03:55:00 The Hanoi Securities Trading Center (HaSTC) announces the results of the share auction held on March 25, 2008 of X20 Joint Stock Company (X20.Co) as follows: 1. Volume of shares put up to auction: 3,445,300 shares.Of which, foreign investors can buy:3,445,300 shares. 2. Face value: 10,000 dong per share. ... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
PM approves equitisation of Mekong Housing Bank
2008-03-25 13:17:00 Prime Minister Nguyen Tan Dung gave the nod on March 24 to a plan to equitise the Mekong Housing Development Bank (MHB). The State will hold 68.10% of the bank?s chartered capital of nearly 94 million USD (1.5 trillion VND) with the remaining 31.90% going public through share issuance. The State Capital Investment... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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