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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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International Shipping |
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| Top shipping firm in Vietnam to make IPO in mid-2018 |
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Date:2018-01-31 Readers:
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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.
source：http://www.shippingazette.com/menu.asp?encode=eng
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