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Top shipping firm in Vietnam to make IPO in mid-2018
来源： 编辑：编辑部 发布：2018/02/08 09:08:21
VIETNAM National Shipping Lines (Vinalines) - the nation's leading shipping carrier - is seeking to make its initial public offering (IPO) in mid-2018, with an expected chartered capital of US$630 million, Xinhua reported quoting the Vietnam News Agency.
From being on the verge of bankruptcy five years ago with a negative equity of over VND5 trillion ($220 million), state-owned Vinalines has transformed to be eligible for equitisation with total assets of over VND18 trillion.
Vinalines made total revenues of nearly VND16 trillion last year, of which VND7.1 trillion came from maritime service. Port operation and shipping services each accounted for more than VND4.4 trillion.
Meanwhile, consolidated profit was estimated at VND515 billion, the highest in the last five years of implementing the restructuring process.
From being on the verge of bankruptcy five years ago with a negative equity of over VND5 trillion ($220 million), state-owned Vinalines has transformed to be eligible for equitisation with total assets of over VND18 trillion.
Vinalines made total revenues of nearly VND16 trillion last year, of which VND7.1 trillion came from maritime service. Port operation and shipping services each accounted for more than VND4.4 trillion.
Meanwhile, consolidated profit was estimated at VND515 billion, the highest in the last five years of implementing the restructuring process.