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Vietnam's Vinatex enlists shareholders before UPCoM listing
December 1, 2016 / 2:15 AM / 10 months ago

Vietnam's Vinatex enlists shareholders before UPCoM listing

HANOI, Dec 1 (Reuters) - Vinatex, Vietnam’s largest textile and garment maker, said it had asked shareholders to register their ownership by mid-December before it makes its share debut on the Unlisted Public Company Market (UPCoM).

The shareholder list will be finalised on Dec. 16, the Hanoi-based company said in a statement issued on Wednesday, which was seen by Reuters. However, the company gave no date for the debut.

Vinatex joins national flag carrier Vietnam Airlines IPO-VAL.HM in preparations for its UPCoM share debut after Hanoi told privatised state-owned firms in early October to speed up the listing process, signalling commitment to its much criticised privatisation process. (Reporting by Ho Binh Minh; Editing by Subhranshu Sahu)

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