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Cam Ranh Port to IPO next week

Released at: 11:23, 12/03/2015

Cam Ranh Port to IPO next week

Six million shares up for grabs at March 16 IPO.

by Hung Nguyen

Cam Ranh Port Limited Liability Company (CRP), under Vietnam National Shipping Lines (Vinalines), will conduct an IPO at the Hanoi Stock Exchange (HNX) on March 16.

The total value of the State capital in CRP as at January 1, 2014, was determined to be more than VND200.5 billion ($9.38 million). The company will issue 6.3 million shares in order to raise its charter capital post-equitization to VND264.5 billion ($12.38 million) with a par value of VND10,000 ($0.47) per share.

Its main business field include maritime operations, products and services such as freight and shipping, and trading in oil and gas. Freight accounted for 38.7 per cent of its net revenue in 2014, oil and gas 25.7 per cent, and transport 18.9 per cent.

Goods shipped through the port are mainly raw materials, minerals, and agriculture and forestry products.

Two-third of goods shipped at the port are exported to Asia (South Korea, Japan, and China). Internal shipping accounted for the remaining one-third, primarily cement, clinker, salt and agriculture products.

The company leases more than 253,100 square meters of land for warehouses, maritime services, factories, and offices.

Expected shareholding structure post-equitization

Owner

Ownership percentage

Number of shares

State (Vinalines)

51

13,490,315

Employees

2.98

787,100

Strategic shareholders

23.01

6,087,092

Shareholders buying at auction

23.01

6,087,092

Total

100

26,451,599

  • TAGS
  • Cam Ranh Port
  • IPO
  • Vinalines

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