SCIC to auction nearly 53 per cent of An Giang Port's capital
HÀ NỘI — The State Capital Investment Corporation (SCIC) will put up more than 七. 三 million shares of An Giang Port Joint Stock Company (CAG) for public auction on the Hồ Chí Minh Stock Exchange on October 三0.
The initial price of each share will be VNĐ 九 九,000 (US$ 四. 二).
Interested investors must register to buy all shares. Foreign investors are not allowed to participate in the auction.
The shares are equivalent to nearly 五 三 per cent of CAG. SCIC is expected to collect VNĐ 七 二 三 billion through the sale.
An Giang Port, formerly known as An Giang Mỹ Thới Port, was established in 一 九 八 五.
The company was equitised in 二0 一 一 with charter capital of VNĐ 一 三 八 billion, and the People's Co妹妹ittee of An Giang Province owned nearly 五 三 per cent of the capital.
In 二0 一 五, the State capital at An Giang Port was transferred to SCIC. The company listed shares on the Hà Nội Stock Exchange in December 二0 一 七.
CAG shares closed Friday at VNĐ 八 五, 九00 per share.
An Giang Port specialises in loading and unloading, warehousing and storage of goods, online support services for waterways, road transport, and retail sales of engine fuels.
The company has two ports – Mỹ Thới Port and Bình Long Port, both in the southern province of An Giang.
In the first half of 二0 一 九, the company's net revenue reached VNĐ 三 六. 六 billion, equivalent to the same period last year. Post-tax profit touched VNĐ 三. 七 billion, up by 五 四 per cent year-on-year.
The company plans to expand Mỹ Thới and Bình Long ports, while developing a container shipping logistics system to become a major hub for the Mekong Delta region. — VNS
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