Agribank successfully sells shares at AJC

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All shares of the Agribank Gold Joint Stock Corporation (AJC) offered by the Vietnam Agriculture and Rural Development Bank (Agribank) at the December 15 auction were sold to three domestic investors, the Ha Noi Stock Exchange announced.

Agribank earns VND189.79 billion ($8.4 million) from capital divestment at the Agribank Gold Joint Stock Corporation. — Photo baomoi.com

All shares of the Agribank Gold Joint Stock Corporation (AJC) offered by the Vietnam Agriculture and Rural Development Bank (Agribank) at the December 15 auction were sold to three domestic investors, the Ha Noi Stock Exchange announced.

The stock exchange said the three investors bought more than 12.62 million AJC shares, equivalent to 61.24 per cent of charter capital, at the average bidding price of VND15,044 (66 US cents) per share.

The price is 8.2 per cent higher than the initial price of VND13,900 per share offered by Agribank, helping the bank earn VND189.79 billion ($8.4 million) from the auction.

Earlier, 13 investors registered to buy AJC shares.

The bank, which was set up in 1994, earned revenue of VND1.2 trillion in 2016, a decline of 22 per cent compared with 2015. In the first six months of the year, AJC posted revenue of VND503 billion and after-tax profit of VND1.3 billion. — VNS

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