Vietcombank to sell 7.6 million Vietnam Airlines’ link chuẩn của w88

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has registered to sell 7.6 million link chuẩn của w88 of the Vietnam Airlines Corporation, which is listed as HVN on the stock market.
The transaction is expected to take place from January 24 - February 22.

This is part of more than 22.4 million link chuẩn của w88, equivalent to 1.8 percent of the chartered capital of Vietnam Airlines that Vietcombank bought in the airline’s initial public offering in late 2014. The bank spent 544.12 billion VND (23.9 million USD) to buy the link chuẩn của w88, or 22,300 VND for each share.

At the current market price of Vietnam Airlines’ link chuẩn của w88 at some 63,700 VND each, Vietcombank can earn an estimated 484 billion VND from the sale of its 7.6 million link chuẩn của w88 after more than two years of holding. Compared to six months ago, the stock has nearly tripled in terms of market value.

If successful, Vietcombank’s holdings at Vietnam Airlines will reduce to 1.2 percent.

The link chuẩn của w88 of Vietnam Airlines and VJC link chuẩn của w88 of budget carrier Vietjet Air are two aviation stocks that have grown fast in the past few months. The growth of share prices comes mainly from positive business results in late 2017 and early 2018 in the aviation industry.

Last year, Vietnam Airlines Corporation, including Jetstar Pacific and Vietnam Air Services Company (VASCO), recorded a consolidated revenue of 88.4 trillion VND (3.88 billion USD) and pre-tax profit of more than 2.8 trillion VND, exceeding 72 percent of its plan and up 8.3 percent year on year, respectively. This is the highest level of revenue and profitability the firm has made in its history.

According to stock investors, the increasing demand for air transportation duringTet (Lunar New Year) holiday is another reason for the acceleration in prices of aviation link chuẩn của w88 in recent times.

Vietnam Airlines has traded more than 1.2 billion link chuẩn của w88 on UpCOM, making it a large-scale public company in the leading group of capitalisation value in the stock market. The airline plans to put all of its link chuẩn của w88 on HCM Stock Exchange (HOSE) in the second quarter of this year.

Meanwhile, it will continue to issue additional link chuẩn của w88 to existing shareholders to increase charter capital and reduce State ownership. Accordingly, in the first quarter of this year, Vietnam Airlines plans to increase charter capital by issuing additional 191 million link chuẩn của w88 at 10,000 VND each to existing shareholders.

Vietnam Airlines has chartered capital of nearly 12.28 trillion VND, of which the State holds 1.057 billion link chuẩn của w88, equivalent to 86 percent of chartered capital. Of the remaining shareholders, ANA Holdings Inc., Japan’s largest aviation group, holds 107 million link chuẩn của w88, representing nearly 8.8 percent of chartered capital.

Source: Vietnamplus