HNX to host six share auctions in April

Wednesday, Apr 04, 2018 16:38

More than 84.9 million shares were sold in March’s four auctions. — VNA Photo

The Ha Noi Stock Exchange will hold six auctions in April to sell shares of Kim Lien Tourism JSC, Song Hong Energy JSC, Lung Lo 3 Co., Ltd, Vietnam Television Cable Corporation one member Co., Ltd, Van Tuong Investment Structure one member Co., Ltd and Orient Commercial Joint Stock Bank.

The northern bourse announced that more than 84.9 million shares were sold in March’s four auctions, raising total capital of over VND1.3 trillion (US$57.2 million) for the State budget. Those included two initial public offerings (IPO) of the Garment and Textile Institute and the Ha Noi Trading Corporation (Hapro), along with two divestment auctions of Hapulico Industry JSC and Thong Nhat Electromechanical JSC.

Over 85 million shares were put up for sale in March, doubling the amount for sale in February.

Investors registered to purchase some 114.75 million shares, 1.35 times higher than the volume of shares offered. They particularly showed interest in Hapro shares and Thong Nhat Electromechanical JSC shares, resulting in the amount of ordered stocks being much higher than the quantity offered.

The IPO of Hapro saw 100 per cent of the shares sold out, earning the State over VND980 billion. — VNS

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