Vietnam airport firm to go public in September

By Mai Phuong, Thanh Nien News

Email Print

Tan Son Nhat International Airport in Ho Chi Minh City. Photo credit: tinviet.net Tan Son Nhat International Airport in Ho Chi Minh City. Photo credit: tinviet.net

RELATED NEWS

The state-owned ground service provider at Ho Chi Minh City's international airport will go public next month, selling more than 31 million shares or a quarter of its charter capital.
A source from the Southern Airports Services Company (SASCO) which provides ground services at Tan Son Nhat Airport said it will sell shares on the Ho Chi Minh Stock Exchange starting September 18.
More than 31 million shares, or 23.6 percent of the company’s registered capital, will be sold at the starting prices of VND10,000 (nearly half a dollar) apiece.
SASCO is one of the three major members of the country’s sole airports management company Airports Corporation of Vietnam, in addition to NASCO which manages Noi Bai airport and MASCO in Danang.
The company directly operates and manages contractors that provide tax-free retailing, dining and transportation services at each of the airports.
Its listing comes as part of an overall plan to privatize state-owned giants.
 Vietnam Airlines and the garment group Vinatex are both planning to participate in an IPO this fall.

More Business News

Indian plastics machinery manufacturers say imports from Vietnam and some other countries are sold at lower than market prices, causing injury to domestic industry. Photo credit: Vietnam Competition Authority

India probes dumping of Vietnamese plastic machinery

Indian authorities have opened an anti-dumping investigation into imports of plastic processing machines from Vietnam, Taiwan, the Philippines, and Malaysia, the Vietnam Competition Authority said Saturday