Vitranschart offering Phuong Dong 2 ship

Vietnam Sea Transport and Chartering Joint Stock Co (Vitranschart-coded VST) proposes to sell Phuong Dong No2, a ship. The relevant procedures for selling the ship has been completed excepting for price agreement with the purchaser, said the firm’s representative.

This year VST plans to liquidate the two ships: the Far East and Phuong Dong 2 to replace into two new ones: VTC Tiger and VTC Glory.

According to semi-annual financial report of VST in H1, the firm earned 57.728 billion dong in after tax profit including 31 billion dong from selling the Far East in the second quarter.
After bonus share payment of 17.5 percent, the firm has been developing new share offer at par to shareholders at 10:3 ratio.

Tags: Phuong Dong 2 ship, Vietnam shipping industry, Vitranschart

Posted by VBN on Aug 30 2010. Filed under Transportation. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry