Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Vinalines valued at over $736.6m for December IPO

Vinalines valued at over $736.6m for December IPO
Vietnam Ministry of Transport will decide whether to accept Vinalines’ value estimate at VDN16.74bn ($736.6m) as a basis for its upcoming IPOs, reported Vietnamnet.

The corporate value was assessed by the Vietnam Auditing and Valuation Company in co-operation with ATC Auditing and Valuation Firm.

State-owned Vinalines is scheduled to launch IPOs in December 2017 under which the government will hold 65% of Vinalines' chartered capital while strategic investors will be offered 17.25% of the chartered capital and 17.25% will be offered to the public.

This is the second time Vinalines has carried out a valuation of its corporate value to serve equity purposes, the first one being in 2014.

Meanwhile Vinalines has begun to seek potential strategic partners while waiting for the approval of its corporate value from the Ministry of Transport.

Vinalines organised the first meetings in April to introduce its development orientation to Singaporean enterprises to seek investment opportunities in preparation for the IPOs.

Vinalines manages a fleet of offshore vessels with total capacity of nearly two million tonnes and has contributed capital to some 14 port businesses, warehouses and other maritime companies.