The Ha Noi Stock Exchange (HNX) held four auctions to sell over 6.5 million shares in February. — Photo courtesy of HNX
Four auctions held on the Ha Noi Stock Exchange (HNX) in February raised VND99.2 billion (US$4.3 million), a 2.5 times higher than the value collected in January.
A total of 6.5 million shares were put up for sale, of which 6.4 million shares, or 98 per cent of the total amount, were sold.
Investors registered to buy around 17.2 million shares, which is 264 per cent higher than the volume of shares offered.
Four auctions included the initial public offering (IPO) of Bac Ninh Water Supply and Sewerage Co Ltd, and three auctions held to divest capital of Pha Lai Thermal Power JSC from North Power Service JSC, the Dien Bien People’s Committee from Dien Bien Traffic Works JSC and Thai Binh Province from Thai Binh Export-Import JSC.
Shares in three of the four auctions were sold out.
In March, the HNX will hold six auctions, of Viet Nam Maritime Commercial Joint Stock Bank (Maritime Bank), Dong Thap Telecommunication Construction Investment JSC, PetroVietnam Construction JSC, Tuyen Quang Cement JSC, Hanoi Railway Tourist Service JSC and the Forest Products Export JSC of Quang Nam, offering up to 81.7 million shares. — VNS