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Steel Corporation of state capital decreased to 51%
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VN Steel Corporation (VNSteel) roadmap will continue to sell part of state capital in total company from 93.93% to 51% according to the decision has been approved by the Ministry of Industry and Trade.
This roadmap is outlined in the plan VNSteel restructuring, divestments in 2016.
According to Dang Thuc, Chairman, 2015, VNSteel has divested 420 billion investment in three units outside.
However, implementation of the divestment process is still having some problems and difficulties as auction procedures, equity divestments, divestments in the limited liability company is not a specific government regulations, leading to the implementation period was extended.
Activity in the corporate divestment to ensure capital preservation conditions sometimes not feasible, due to a number of investments to divest in companies suffered huge losses led to not attract, appeal the investors…
The time is speeding VNSteel find partners abroad prestigious economic potential to participate as a strategic partner of the corporation for the said divestment.
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18/8/2025
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