Navetco's charter capital is 160 billion VND. The number of shares issued for the first time is 16 million, with a par value of 10,000 VND, of which the state holds 10.4 million shares, accounting for 65% of the charter capital. The strategic investor, Anova Company, will hold 1,872,437 shares, accounting for 11.7% of the charter capital. The starting price is 11,000 VND/share.

The National Veterinary Medicine Enterprise will be equitized to become the National Veterinary Medicine Joint Stock Company with the abbreviated name Vetvaco., JSC. The charter capital is 36 billion VND, of which the state share is 2,340,000, accounting for 65% of the charter capital. The sale of shares to strategic investors and ordinary investors is 726,800 shares, accounting for 20.19% of the charter capital, of which the strategic partner, Anova Company, will buy 360,000 shares, accounting for 10% of the charter capital. The starting price is 11,500 VND/share.

Accordingly, the sale price to Anova will not be lower than the lowest successful bid price of the public auction of the two above companies.

According to Mr. Tran Xuan Hanh, Deputy General Director of Navetco, it is expected that the auction will begin at the end of 2012. “We are currently trying to complete the necessary documents and procedures before proceeding with the equitization process, which is expected to take place at the end of 2012,” Mr. Hanh said over the phone.

After equitization, these two companies will continue to operate under their previous business registration certificates.

Currently, Navetco and Vetvaco are two key companies of the Ministry of Agriculture and Rural Development in the production and supply of vaccines, pharmaceuticals and biological products for livestock, poultry and aquatic products. Anova Joint Stock Company is a veterinary medicine production and trading company headquartered at 315 Nam Ky Khoi Nghia, District 3, Ho Chi Minh City. The Ministry of Agriculture and Rural Development (MARD) has agreed to allow the Central Veterinary Medicine One Member Co., Ltd. (Navetco) and the Central Veterinary Medicine Enterprise (Vetvaco) to equitize at the end of 2012, with Anova Joint Stock Company as its strategic partner.

Navetco's charter capital is VND160 billion. The number of shares issued for the first time is 16 million, with a par value of VND10,000, of which the state holds 10.4 million shares, accounting for 65% of the charter capital. The strategic investor, Anova Company, will hold 1,872,437 shares, accounting for 11.7% of the charter capital. The starting price is VND11,000/share. 

The Central Veterinary Medicine Enterprise will be equitized to become the Central Veterinary Medicine Joint Stock Company with the abbreviated name Vetvaco., JSC. The charter capital is VND36 billion, of which the state shares are VND2,340,000, accounting for 65% of the charter capital. The sale of shares to strategic investors and ordinary investors is 726,800 shares, accounting for 20.19% of charter capital, of which the strategic partner, Anova Company, purchased 360,000 shares, accounting for 10% of charter capital. The starting price is VND11,500/share.

Accordingly, the sale price to Anova will not be lower than the lowest successful bid price of the public auction of the two above companies.

According to Mr. Tran Xuan Hanh, Deputy General Director of Navetco, the auction is expected to begin at the end of 2012. "We are currently trying to complete the necessary documents and procedures before proceeding with the equitization process, expected at the end of 2012," Mr. Hanh said over the phone.

After equitization, these two companies will still inherit the business lines according to the previous business registration license.

Currently, Navetco and Vetvaco are two key companies of the Ministry of Agriculture and Rural Development in the production and supply of vaccines, pharmaceuticals and biological products for livestock, poultry and aquatic products. Anova Joint Stock Company is a veterinary medicine production and trading company headquartered at 315 Nam Ky Khoi Nghia, District 3, Ho Chi Minh City.