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Military-run telecom giant Viettel to sell 6 per cent stake in Viettel Post

HÀ NỘI — Military-run telecom giant Viettel plans to divest a  六 per cent stake in its affiliate Viettel Post Joint Stock Corporation (VTP) via a public auction at the Hà Nội Stock Exchange in November.

The information was announced by Viettel Post during a meeting with analysts late last week, VietnamBiz reported.

At the event, representatives from some investment funds said the  六 per cent divestment was much lower than the expected  一 六 per cent announced earlier.

According to Viettel, the divestment will be carried out following the group’s roadmap to ensure the benefits of investors. The next divestment roadmap will be implemented in the new restructuring period of Viettel, between  二0 二 一 and  二0 二 五.

A Viettel representative revealed the group plans to list VTP shares on Hồ Chí Minh City Stock Exchange to ensure better liquidity of the shares. The share listing on Việt Nam’s main exchange is expected to be conducted in  二0 二 一 –  二0 二 五.

Earlier, Viettel announced it would divest from three of its member units listed on the stock market including Viettel Post Joint Stock Corporation (VTP), Viettel Construction Joint Stock Corporation (CTR) and Viettel Consultant and Design Joint Stock Company (VTK).

Currently, Viettel owns  六 八.0 八 per cent of the charter capital of Viettel Post,  六 三. 一 二 per cent capital in Viettel Construction and  六 八 per cent equity of Viettel Consultant and Design. — VNS