Government fund subscribes to Vietnam Airlines rights issue

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A Vietnam Airlines aircraft is seen at Tan Son Nhat International Airport in Ho Chi Minh City in January 2021. Photo by VnExpress/Quynh Tran

 

Vietnam’s sovereign fund has subscribed to Vietnam Airlines’s rights offering amid its accumulating losses due to Covid-19.

 

The State Capital Investment Corporation (SCIC) paid VND6.89 trillion ($303.56 million) to acquire 689.5 million shares and kept its ownership rate in the state-owned carrier at 31.08 percent.

 

The airline’s HVN ticker rose by the maximum allowed 7 percent Monday, its sixth consecutive day of gain.

 

Full Story: https://e.vnexpress.net/news/business/companies/government-fund-subscribes-to-vietnam-airlines-rights-issue-4356208.html

 

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