EV maker VinFast aims to raise free float to 10-20 per cent by end-2024

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Vietnamese electric vehicle maker VinFast aims to increase its free float, or shares available to the public for trading, to 10 to 20 per cent by the end of this year from roughly 2 per cent currently, the company’s chairperson said on Tuesday. “This year we plan as the markets recover and as we show more achievements of progress, we will do follow-on transactions ... increasing the free float, bringing in many more investors, including long-only investors,” Le Thi Thu Thuy, the former CEO and current VinFast chairperson, told Reuters on the sidelines of the CES trade show in Las...