Vinatex’s Equitisation Plan Approved

The Prime Minister has signed Decision No. 646/QD-TTg approving the equitisation plan of Vietnam National Textile and Garment Group (Vinatex). Accordingly, Vinatex will sell part of its shares to raise the registered capital.

 

The group now has a registered capital of VND5,000 billion, an equivalent to 500 million shares. After going public, the State will keep 51 percent of stake, employees will have 0.46 percent, strategic investors will hold 24 percent, and the public will take 24.4 percent.