Businesses

Hai Duong Waterway Management SJC to divest all State capital before Nov 30

WEDNESDAY, 04/09/2019 15:54:03

The company has contracted with CPA Vietnam C&V JSC. to determine its value to propose a starting price for the divestment of its remaining State capital.

Hai Duong Waterway Management SJC. has contracted with CPA Vietnam C&V JSC. for supply of a capital divestment service to determine the value of the enterprise to propose a starting price for the divestment of its remaining State capital (accounting for 49%).

The company also contracted with APEC Securities JSC. to work out a plan for State capital divestment, form a news announcement document, and auction State shares off.

CPA Vietnam C&V JSC. has finished auditing the company's financial statement for the first six months of the year and is completing a valuation report and certificate for submission to the Department of Finance for consideration and appraisal.

Hai Duong Waterway Management SJC. has urged the two consultancies to accelerate their work and is striving to fulfill its plan to divest all State capital before November 30, 2019.

As planned, Hai Duong Waterway Management SJC. must divest all State capital in 2020.

However, in mid 2019, the company requested acceleration of capital divestment.

In July 2019, the Provincial People's Committee allowed the company to divest its State capital within this year.

LAN NGUYEN

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