According to information from the Hanoi Stock Exchange (HNX), the Military Industry - Telecommunications Group (Viettel) has just registered to auction all 4,588,500 shares at Vinh Son Joint Stock Company (Viettel). accounting for 39.9% of charter capital).
The starting price of the whole lot is more than 922.48 billion VND, equivalent to 201,042 VND/share. The auction is expected to be held on July 23 at HNX.
It is known that this auction allows both domestic and foreign investors to buy the whole lot.
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According to the Information Disclosure, Vinh Son Joint Stock Company was established in September 2003 with charter capital initial 11 billion dong, then increased to 1,150 billion dong, with the business of real estate, construction civil works. The enterprise was established to invest in the project of the Rose Valley urban area, with an area of 75.51 hectares in Tien Phong commune, Me Linh district, Hanoi.
Vinh Son Joint Stock Company has 3 shareholders (1 individual and 2 organizations) and no foreign shareholders. Of which, Viettel holds 39.9% of charter capital and Real Estate Joint Stock Company Dragon Village holds 60% of the capital.
The 2019 business results report shows that the company is currently preparing to invest in projects, so there is no revenue. Net revenue in 2018, 2019 and the first quarter of 2020 mainly came from the rental of photography locations. This is not the core business of the company. The project is still in the process of being implemented in the period from 2019 to 2029.
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