Prime Minister approved the Equitization Plan and transformation of VIWASEEN into Joint Stock Company

Decision No. 2438/QĐ-TTg to approve the Equitization Plan and transformation of Vietnam Water and Environment Investment Corporation (VIWASEEN) into Joint Stock Company
 
According to the Decision, Vietnam Water and Environment Investment Corporation - JSC (VIWASEEN JSC.) shall have legal status by Laws since the issued date of Business Registration; has its own stamp; bank accounts opened as regulated by Laws; is organized and operated under the Charter of VIWASEEN JSC and Enterprise Law.
 
VIWASEEN JSC. shall heritage all legal rights and obligations of Vietnam Water and Environment Investment Corporation before the transformation and continue VIWASEEN's operation business and other sectors.
 
The representative of the State capital at VIWASEEN JSC shall be Ministry of Construction.
 
According to the Equitization Plan, VIWASEEN JSC. shall have charter capital of 800 Billion VND equivalent to 80 million of shares, in which, the State shall own 57,100,000 shares equivalent to 71.38% of Charter capital.
 
Total number of shares in the Initial Public Offer (IPO) shall be 28.62% of charter capital, in which, concession for labors of 419,500 shares equivalent to 0.52% of charter capital and public auction of 22,480,500 shares equivalent to 28.1% of charter capital.