SBIC to divest capital from PV Shipyard
The Vietnam Ship Building Industry Corporation (SBIC) said it will auction off about 4.479 million shares in the PetroVietnam Marine Shipyard JSC (PV Shipyard) on October 21.
The shares account for 7.53% of PV Shipyard’s stock on the market.
The move aims to recover SBIC’s capital from PV Shipyard in order to add to its manufacturing and business in the coming time.
As planned, the auction will be held at the Hanoi Stock Exchange with the starting price of VND10,000/share.
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PV Shipyard’s charter capital stands at nearly VND594.9 trillion (US$26.77 billion). The company operates in building and upgrading ships and oil rigs, and providing port, warehousing and transport services.
Apart from SBIC, the Vietnam Petroleum Technical Services Corporation (PTSC) , has a 28.75% stake (17,105 million shares) in PV Shipyard. Meanwhile, the Bank for Investment and Development Bank of Vietnam (BIDV) and the Vietnam Machine Erection Corporation (LILAMA) each owns a 4.03% stake (over 2.4 million shares) in the firm.
