Investors register to buy Thuong Dinh shares

Thursday, Jun 04, 2015 14:45

A production line at Thuong Dinh Footwear Company. The company will launch IPO on June 8. — Photo

HA NOI (Biz Hub) — Thirty-two investors have registered to buy more than 22.1 million shares of Thuong Dinh Footwear Company, the Ha Noi Stock Exchange (HNX) said.

The number of registered shares is reportedly 11.5 times higher than the volume of company shares being offered for auction.

The auction will be held during the company's initial public offering (IPO) on June 8. More than 1.9 million shares will be offered at an initial price of VND10,000 each, equal to 20.46 per cent of the company's chartered capital, post-equitisation.

The company specialises in producing sneakers, sport shoes, sandals and slippers. It registered a sales volume of an average more than 3.9 million pairs a year from 2012 to 2014. — VNS

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