Mining activities of Nghe Tinh Non-ferrous Metal JSC. Vimico will auction nearly 70 per cent stake in this company in March. — Photo baochinhphu.vn

The Vinacomin – Minerals Holding Corporation (Vimico) is planning to sell nearly 2.4 million shares, worth over VND23.6 billion (about US$1 million), in the Nghe Tinh Non-ferrous Metal JSC.

The auction, slated for March 10, will take place on the Ha Noi Stock Exchange at the starting price of VND26,000 ($1.12) each. They are equivalent to 60.93 per cent of the Nghe Tinh company’s charter capital.

The Nghe Tinh company, based in the central province of Nghe An, was founded in 1980. It is involved in mineral exploration, mining, processing and trading; and also constructs civil, industrial, transport and irrigation structures; produces and trades in building materials; and engages in some other activities like transportation, storage, and gas station operation.

Coded KLM, the company was listed on the Unlisted Public Company Market (UPCoM) on December 30, 2019. The shares are trading around VND12,000 per share. — VNS