The business value of VTVcab determined at nearly VND4 trillion (roughly US$176 million) at the end of 2015 will not be adjusted when the initial public offering (IPO) takes place.
(Photo: VTVcab)
Deputy Prime Minister Vuong Dinh Hue allows Vietnam Television (VTV) to extend the IPO to September 30th, 2017. Also, VTV does not have to adjust the business value of VTVcab announced on December 31st, 2015 at VND3999 billion (about US$176 million).
VTV is responsible for equitizing VTVcab strictly according to the regulations, updating changes in assets (if any), making prospectuses and adjusting the value of the increased state capital (if any) when settling and becoming a joint stock company.
Earlier in May, VTV was asked to privatise VTVcab quickly. Under the approved plan, the State holds a 51% stake in the company.
VTVcab has been transformed into a limited liability company from a cable television service centre of VTV since 2012. The company is in charge of providing paid television, television advertising services and copyright.
According to the report by mid-2016, VTVcab has total assets of VND2,600 billion (about US$114 million). The owners’ equity is VND633 billion (about US$27 million). Previously, in 2015, the company achieved the revenue of VND1,861 billion (roughly US$82 million) and a profit of VND62 billion (approximately US$2.7 million).
Taseco Land has shifted its listing to HOSE and introduced a new upward-pointing arrow logo - a visual statement of its strategy to raise capital, expand its land bank, and strengthen its standing in Vietnam’s real estate sector
Located in the heart of Ho Chi Minh City, SAP Labs Vietnam is the second SAP Labs Network hub in Southeast Asia, following Singapore and is one of 20 countries that have SAP Labs globally.
A new partnership between EY and the Vietnam-Singapore Board Forum (VSBF) is set to strengthen ESG capabilities for Vietnamese businesses, helping shape more sustainable business models.
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.
