By Khanh Vu
HANOI, June 29 (Reuters) – Vietnam’s VietJet Aviation VJC.HM ssupport on Tuesday it plans to promote a stake of as much as 15% by way of a personal placement and lift $300 million by way of an worldwide bond sale to spice up the funds airline’s monetary capability when journey markets revive.
The firm’s shareholders had authorized the plan at a gathering earlier on Tuesday, VietJet mentioned in an announcement.
The fund elevating is a part of its efforts to “be sure that VietJet has ample sources for secure and efficient growth when the market recovers,” the corporate mentioned.
It mentioned shareholders additionally authorized a plan to promote 10 million new shares to its employees, with out giving a timeframe.
VietJet, which has a market capitalisation of $2.82 billion, mentioned it’s focusing on a 20% rise in income this 12 months to 21.9 trillion dong ($951.35 million).
The firm reported a web revenue of 68 billion dong final 12 months.
VietJet President and CEO Nguyen Thi Phuong Thao mentioned in an interview earlier this 12 months the airline deliberate to broaden its funding in new plane and technical services this 12 months.
($1 = 23,020 dong)
(Reporting by Khanh Vu Enhancing by Ed Davies)
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