Vietravel Joint Stock Company (VTR) has announced plans to completely divest its stake in Vietravel Airlines before December 31, 2025. Vietravel Airlines has a charter capital of 2.25 trillion VND, with Vietravel holding 8.2% or 18.4 million shares. The divestment value is determined to be less than 10% of Vietravel’s total assets, which exceeds 3.13 trillion VND. Currently, the largest shareholder is Nguyễn Thủy Tiên, owning 20.94% of the shares. After Vietravel withdraws its capital, remaining shareholders will include Vietravel Group, T&T Airlines, and individual shareholders. This is a step in reducing investment in Vietravel Airlines, which was founded by Vietravel, and has transferred shares to T&T Group. Đỗ Vinh Quang is currently the Chairman of Vietravel Airlines, with T&T Group in leadership roles. Additionally, low-cost airline AirAsia from Malaysia is negotiating to purchase shares in Vietravel Airlines, as the Vietnamese market is rapidly growing.
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