News

Vinatex IPO falls short

22/09/2014

After delays of two months, Vietnamese state-owned textiles-maker Vinatex has sold about a fifth of its stock, worth $58 million, but has been criticised for not selling all shares on offer. Its shortcomings have been described by investors as low profitability, a deep reliance on imported materials and the length of time it takes to garner a...

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