Binh Duong to equitise Becamex IDC, Thanh Le

12-Mar-2015 Intellasia | The Saigon Times | 6:00 AM Print This Post

Binh Duong Province is working on plans to equitise Becamex IDC Corporation and Thanh Le general Import-Export Trading Corporation this year, said Tran Thanh Liem, vice chair of the province, at a press briefing on March 9.

Liem said a steering committee for equitisation and corporate value assessment of the two enterprises had been established. After equitisation, State ownership at the enterprises will fall to 75 percent from the current 100 percent.

In November last year, Binh Duong Province wrote to the prime minister seeking approval for the equitisation plans and the transformation of the State-owned enterprises into joint stock companies.

One month later, deputy PM Vu Van Ninh signed a document approving the plans.

Becamex IDC has invested in multiple infrastructure projects while Thanh Le is active in diverse business fields. They are big enterprises in the southern province and have posted good earnings in the past years.

http://english.thesaigontimes.vn/39811/Binh-Duong-to-equitise-Becamex-IDC-Thanh-Le.html

 


Category: Business, Vietnam

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