VNSTEEl to Be Equitised

4:42:33 PM | 4/21/2011

Prime Minister Nguyen Tan Dung recently approved a project for equitisation of the Vietnam Steel Corporation (VNSTEEL).
 
The equitisation will be conducted through selling part of the VNSTEEL’s State-owned property and issuing more stocks to increase the corporation’s charter capital.
The State will hold over 65% of the charter capital, according to the Office of Government’s recent document which conveys the PM’s opinion on the issue.
 
VGP