Plans of increasing the percentage of foreign ownership will continue
gripping the attention of investors when companies propose them in their
annual general shareholder meetings.
About 20 companies are projected to launch initial public offerings
(IPOs) on domestic exchanges this month with a total estimated value of
more than VND4 trillion (US$178.6 million).
The State has earned VND4.4 trillion (US$196 million) from selling its
capital in 51 initial public offerings (IPOs) during the first 10 months
of this year.
Five initial public offerings (IPO) and four auctions of State-owned
shares held on the Ha Noi Stock Exchange in September concluded with 100
per cent of stakes for sale sold, the northern exchange reported.
Equitising 262 SOEs in the remaining nine months is a tall order. Dang
Quyet Tien, deputy head of the Enterprise Finance Department under the
Ministry of Finance spoke to Vietnam News Agency about the challenges
involved.
The poor first-quarter response to IPOs (Initial Public Offerings)
launched by State-owned enterprises (SOEs) shows that they have not
prepared well for their equitisation process, a VnExpress report said.
State-owned corporations and groups preparing to launch Initial Public
Offerings (IPOs) as part of their equitisation process are finding it
difficult to find strategic investors, industry insiders say.