Funds provider Vietjet Air plans to promote a 15 p.c stake in a personal placement.
It plans to promote 81 million shares on the common value of not less than the final 10 classes on the inventory market however has not disclosed the timing or purchaser’s id.
As of Tuesday, the common determine was VND115,700 ($5.02), placing the worth of the deal at over VND9.3 trillion ($403 million). There might be a lock-up interval of 1 to 3 years when the shares can’t be bought.
Vietjet additionally plans to difficulty $300 million value of worldwide bonds on the Singapore Trade this yr.
To this point this yr it has raised a complete of VND2 trillion through bonds.
Within the first quarter it reported a post-tax revenue of VND123 billion in opposition to a lack of VND989 billion in the identical interval final yr.