The Saigon Times Daily
A source from HNX said the northern bourse plans to arrange eight auctions for enterprises to launch their IPOs and sell shares at businesses in non-core sectors in the first half of this month.
The source credited the bustling share auctions to the Government’s order for quick equitization of SOEs and State divestments from non-core business operations.
Last month, five enterprises launched IPOs on the exchange and four of them sold out their shares, or 80% of the total shares put on sale, Vietnam News Agency reports.
HNX organized seven auctions for the enterprises to launch their IPOs and two firms to divest their capital from non-core businesses.
Hanoi Trading Service Fashion Company (Hafasco), Hanoi Food One Member State Co. Ltd., Haiphong Leather Products and Footwear Co., and Minh Khai Textile Factory under Hanoi 19/5 Textile State-Owned One Member Co. Ltd. sold all shares put up for sale at the IPOs.
The four firms mobilized a combined VND272 billion, VND159 billion higher than the starting prices.
According to HNX, through seven share auctions, 75% of 17.9 million shares of the enterprises were sold to investors, an increase of 23.8% compared to the average number of shares sold monthly last year.
The seven firms mobilized VND372.6 billion (US$17.5 million) from the auctions, VND213.6 billion higher than the starting prices.
Đăng ký: VietNam News
