Vinachem to sell its shares in XPH on March 17. — Photo ownthedollar.com

HA NOI (Biz Hub) — The Viet Nam National Chemical Group (Vinachem) is set to sell all of its shares in Hanoi Soap Joint Stock Company (XPH), according to Hanoi Stock Exchange.

The shares, amounting to more than 10.37 million, or an 80-per cent stake in XPH, will be auctioned on March 17 this year. The investors can register and pay in instalments from February 9 to March 30 this year.

However, foreign investors are not permitted to buy the shares or register to participate in the auction.

The XPH has registered capital of more than VND129.7 billion (US$6.08 million), and the company specialises in producing multi-purpose detergents and in trading imported chemicals, materials, and detergents; packages; and labels.

The company began listing on the unlisted public company market (UPCoM) managed by the Ha Noi Stock Exchange on November 25, 2014, with a reference price of VND18,000 ($0.80) per share. At present, the XPH shares are being purchased for VND13,200 ($0.60) each. — VNS