Vinpearl doles out US$4 million for Nha Trang Port stake
Vinpearl JSC, a subsidiary of Vingroup has been allowed to buy VND85 billion (US$4.04 million) worth of shares in Nha Trang Port JSC from the Vietnam National Shipping Lines (Vinalines).
The company is working with the Nha Trang Port to develop an investment plan in the direction of turning the port into a special facility serving tourism.
Nha Trang Port is undergoing the equitisation process but its shares have failed to attract buyers due to its ineffective operations over the past time.
The port’s value is assessed at VND245 billion (US$11.6 million). More than 2.3% of the company’s chartered capital was offered to its employees and Trade Union organisation, and 22.6% of chartered capital was put up for auction.
Nha Trang Port is undergoing the equitisation process but its shares have failed to attract buyers due to its ineffective operations over the past time.
The port’s value is assessed at VND245 billion (US$11.6 million). More than 2.3% of the company’s chartered capital was offered to its employees and Trade Union organisation, and 22.6% of chartered capital was put up for auction.