The Ministry of Industry’s Department for Enterprise Renovation has approved a plan to equitise State-owned Viet Nam Plastic Company.
Under the plan, the company will be renamed the Viet Nam Plastic Joint Stock Corporation (Vinaplast) and have a total chartered capital of 198 billion VND (12.3 million USD), of which 45 percent will be owned by the State.
The initial share price is set to be 10,500 VND.
After equitisation, Vinaplast plans to invest in numerous projects, including a 218 billion VND (13.6 million USD) BOPP film factory and a 35 billion VND (2.18 million USD) plastic plank mill.
The corporation will build a 75 billion VND (4.68 million USD) factory to produce plastic films covered with aluminum and a waste treatment plant with a projected investment capital of 202 billion VND (12.6 million USD).
Source: Thanh Nien
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment