Vietnam’s newest air carrier Vietravel Airlines to conduct IPO in ...
Vietravel Airlines, a unit of tour operator Vietravel Group, plans to sell shares in an initial public offering to be conducted in 2021, CEO Vu Duc Bien told local media.
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Vietnam Airlines said it would issue nearly $346 million worth of shares for existing stakeholders to boost its recovery from the impacts of the coronavirus pandemic and return to profitability by 2023.
National flag carrier reported a loss of VND14,445 billion ($620 million) in 2020, lower than expectation, company leaders told the extraordinary shareholder meeting held on Tuesday.
A consortium led by Singapore’s state investor GIC Pte is buying a stake in Vinmec, the medical unit of Vietnam’s largest conglomerate Vingroup , for over $200 million, Vingroup said on Monday.
Vietravel Airlines, a unit of tour operator Vietravel Group, plans to sell shares in an initial public offering to be conducted in 2021, CEO Vu Duc Bien told local media.
South Korean Lotte, which has invested in Bibica since 2008 as a strategic investor, registered to sell entire stake, or 44.03 percent of shares in the Vietnamese firm, according to exchange filing.
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