Vinalines to hold shareholders’ meeting in June

15:36 | 01/06/2019 Companies

The Vietnam National Shipping Lines (Vinalines) is scheduled to hold its first shareholders’ meeting on June 24, starting operation as a joint stock company model with the new name Vietnam Marine Corporation (VIMC).

Vinalines will operate as a joint stock company from June this year

Under the new model, the corporation will still focus its business on seaports, marine transportation and marine services.

In preparation for equitisation, the corporation has held two share offerings, in which the initial public offering attracted 42 investors who registered to buy nearly 5.5 million shares, accounting for 1.1 percent of the total 490 million shares offered for auction. Meanwhile, more than 483 million shares were offered at the second public offering, but no one registered to buy.

The corporation earned revenue of nearly 2.9 trillion VND (124 million USD) in the first quarter of this year, in which the marine transportation reached 1.2 trillion VND, seaports 1.08 trillion VND and the remainder came from marine services.

Theo VNA