Vinamotor plans IPO launch in March

The Viet Nam Motors Industry Corporation (Vinamotor) will launch its initial public offering (IPO) at the Ha Noi Stock Exchange on March 27 this year.

The corporation will auction 51 million shares, which are equal to 51 per cent of the charter capital and are worth VND10,000, or $0.47, each.

Vinamotor was established in 1964. Its main products include coaches, buses, trucks and automobile parts. Its equitisation plan, which has a charter capital of VND1 trillion ($47.6 million), has been approved by the Prime Minister.

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