The Viet Nam National Reinsurance Company has got permission from the State Securities Commission to sell 40.7 million common shares to public.
The shares, with a face value of 10,000 VND each, will be issued in two stages.
In the first stage, 13.72 million shares will be sold to the current shareholders at the par price and 1.65 million to the company employees at the price of 15,000 VND each. Another 12.58 million stocks will be auctioned at the starting price of 60,000 VND per unit.
In the second stage, 12.75 million shares will be sold to strategic shareholders.
The Ha Noi-based company reports its chartered capital of 343 billion VND.
Source: VNA
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