MoT to divest from VIVASO

Waterway Transport Corporation One Member Company Limited (VIVASO) will offer nearly 7.35 million shares, or a 22.42 per cent stake, in an auction on March 1.

According to the Ha Noi Stock Exchange, which will hold the auction, the shares being offered belong to the transport ministry (MOT), representing state capital in the corporation.

Locating at 158 Nguyen Van Cu Street, Bo De Ward, in Ha Noi's Long Bien District, the corporation has VND327.7 billion ($14.6 million) in charter capital, and conducts transport, building, repair work and warehousing businesses on the waterway. It is also involved in construction and labour export services.

The divestment will be offered in a lot auction with a starting price of VND10,119 ($0.45). The whole lot will be worth a minimum VND74.3 billion ($3.3 million).

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