The state will keep 636.8 million shares (93.93 percent) of the total stakes of VnSteel following the decision issued by the Prime Minister on adjusting the chartered capital of VnSteel, said Deputy Prime Minister Vu Van Ninh in a recent directive. The employees and the company trade union will be able to buy over 1 [...]
Prime Minister Nguyen Tan Dung recently approved a project for equitisation of the Vietnam Steel Corporation (VNSTEEL). The equitisation will be conducted through selling part of the VNSTEEL’s State-owned property and issuing more stocks to increase the corporation’s charter capital. The State will hold over 65% of the charter capital, according to the Office of [...]
Deputy minister of industry and trade Le Duong Quang has announced that the capitalisation plan for Vietnam Steel Corp (VNSteel) will be finished for submitting to the government for approval by late September 2010, and the corporation plans to make IPO in Q1 of 2011. As scheduled, VNSteel will make capitalisation of the parent company [...]
Vietnam Steel Corporation (Vnsteel) have continued cutting its prices by VND50,000 and VND100,000 per ton of rolled steel and steel bars since May 31. This was the third time the producer had cut its steel prices in May, aiming to boost its sales that has been falling since mid-April. Currently, ex-work prices of Vnsteel (excluding [...]
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