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Thursday, October 21, 2021

Vietnam Airlines raises charter capital to nearly US$1 billion

By L. Anh - L. Nhi

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HCMC – The national flag carrier Vietnam Airlines has raised its charter capital to VND22.143 trillion, or nearly US$1 billion, by selling shares to its current shareholders.

In this share issuance, which was completed on September 14, the airline sold 796.1 million shares, equivalent to 99.51% of the total shares on offer, to 27,627 shareholders, bringing in over VND7.96 trillion. The State Capital and Investment Corporation spent over VND6.89 trillion to purchase the shares.

Vietnam Airlines plans to finish transferring the shares to its shareholders in the fourth quarter of this year. 

The largest shareholders of Vietnam Airlines are the Commission for the Management of State Capital at Enterprises (55.2%), the State Capital and Investment Corporation (31.14%) and the ANA Group (5.62%).

Vietnam Airlines approved the plan to issue additional shares to the current shareholders to raise charter capital by VND8 trillion at its shareholders’ meeting in July.

Besides, Vietnam Airlines’ strategic shareholder ANA transferred the call option for 70 million shares to 15,100 employees of the Vietnam Airlines Group.

Vietnam Airlines will use the money from this share issuance to facilitate its recovery and improve its financial capacity which has been severely affected by the Covid-19 pandemic.

By L. Anh – L. Nhi

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