VietNamNet Bridge - The Vietnam Posts and Telecommunications Group (VNAT) will auction its shares in eight companies on March 30-31.

Under the 2014-15 restructuring plan, approved by the government last June, VNPT will have to complete disinvestment in 63 businesses.

At the end of March, VNPT will hold auctions for its shares in eight companies, including the Construction, Installation and Postal Service JSCs in the provinces of Khanh Hoa, Kien Giang and Ca Mau; the Central Region Power Construction JSC; the Da Nang Information Technology and Telecommunication Design JSC; Cadico JSC; Posts and Telecommunications Construction and Design JSC; and the North Central Telecommunication Development JSC.

Investors can register for the auctions until March 26.

The eight companies have not been listed on the stock market and have modest charter capital. The starting prices that VNPT set for the auction are higher than the par value of the shares.

The auctions will be held at the head office of the Vietcombank Securities Company (VCBS).

Last year VNPT completed divestments from the Sacom Investment and Development JSC (SAM) with a value of VND400 billion (nearly $20 million). The corporation reported profits for the deal.

In late 2014, early 2015, VNPT sold 7.88 million shares of the Nhon Trach 2 Power, Oil and Gas JSC.

CEO of VNPT, Tran Manh Hung, said, VNPT would disinvest from all companies in the list of disinvestment this year.

NDH