Home / Knowledge / News / Textiles / Vinatex extends IPO deadline by two months
Vinatex extends IPO deadline by two months
Jul '14
The Vietnam National Textile and Garment Group (Vinatex), has extended the final date for investment in its initial public offering (IPO) by two months so that investors get extra time to assess its performance, the company said in a statement.
Following the Prime Minister’s approval of equitization plan in June this year, Vinatex officially released its first public issue in the form of an IPO, and held two seminars on “Investment Opportunities in stocks of Vietnam Textile and Garment Group (Vinatex)” in Hanoi on July 2 and in Ho Chi Minh City on July 4.
After the two seminars, during the process of exchanging and receiving feedback from investors, it was understood that the auction time registration period was not enough for investors to understand, evaluate investments, as well as procedures for conducting investment decisions.
In order to give sufficient time to potential investors to find out various details and assess investment in Vinatex stocks, the Steering Committee of Vinatex and the Prime Minister have agreed to extend the auction time of IPO till September 30, 2014.
Accordingly, the new deadline for deposit would be September 12, 2014, and the auction date would be September 22, the company said in a statement.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search