October 20, 2017 8:00 AM ET

Road and Rail

Company Overview of Hanoi Railway Transport One Member Limited Company

Company Overview

Hanoi Railway Transport One Member Limited Company offers rail freight and passenger transportation services. The company is based in Hanoi, Vietnam.

130 Le Duan Street

Hai Ba Trung

Hanoi,  

Vietnam

Phone:

84 4 3942 1117

Fax:

84 43 8222 4736

Key Executives for Hanoi Railway Transport One Member Limited Company

Hanoi Railway Transport One Member Limited Company does not have any Key Executives recorded.

Hanoi Railway Transport One Member Limited Company Key Developments

Transport Ministry To Equitise 24 Subsidiaries Under Vietnam Railway

Early in November 2015, the transport ministry approved a scheme to equitize 24 subsidiaries under the Vietnam Railway Corporation (VRC) by the end of 2015. According to the plan, VRC must launch IPOs of these companies before December 31, 2015 and organize shareholder meetings for these subsidiaries to operate as joint stock companies in January 2016. Only two companies have set the date for the IPOs so far. They are the VRC's largest subsidiaries, with the SaiGon Railway Transport Corporation’s IPO set for December 7, 2015 and the Hanoi Railway Transport’s IPO to be launched on December 10, 2015. Airports Corporation of Vietnam will also launch an IPO on December 10, 2015.

Vietnam To Sell Stake In 24 Firms

Vietnam Railways will launch an initial public offering (IPO) of 24 entities. These entities include Di An Train, Gia Lam Railway Company, Hanoi Railway Transport and Saigon Railway Transportation Corporation along with 20 other rail infrastructure management businesses. They are expected to begin operations as joint stock firms on January 1, 2016. The Ministry of Transport has approved the equity plans for the companies, which will sell part of the State's stake and issue more shares to increase their charter capital. According to VNR reports, the state will maintain a 60% stake in Hanoi Railway and Sai Gon, while 28% of these firms' equity will be offered to investors, and 12% to employees. In Gia Lam and Di An, the state will retain 75%, while investors will be able to hold between 6% and 16% and employees will own between 9% and 19%. For the other 20 companies, the state will hold 51%, while between 5% and 14% will be reserved for investors, and employee share will be 35% to 44%.

Recent Private Companies Transactions

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