Thursday, June 29, 2017 - 17:41:51

HNX earns 142 billion VND in auctions in April

VNA Print

Illustrative photo (Photo: tapchitaichinh.vn)

Hanoi (VNA) – Some 142 billion VND (6.2 million USD) was raised through four auctions on the Hanoi Stock Exchange (HNX) of state-owned enterprises selling shares from businesses in their non-core areas in April.

The auctions were held for the State Capital Investment Corporation (SCIC) to divest from Barotex Vietnam Investment and Trading JSC, Vietnam National Shipping Lines to sell shares of Vinalines Ship Repair Company, the Ministry of Agriculture and Rural Development to offload its shares from a maize investment and development company and Truong Son Construction Corporation to sell shares of Construction JSC 565.

More than 31 million shares were put up for sale while investors registered to buy some 40 million shares, 31 percent higher than the volume offered.

Shares in the four auctions sold out.

In May, HNX will hold nine auctions of the central investment and development JSC, Hanoi Food JSC, Telecommunication Project Construction Development JSC, Vietnam Post and Telecommunication Land JSC, PetroVietnam Oil Quang Ninh JSC, Post and Telecommunication Service Construction JSC, Vietnam General of Agricultural Materials Corporation (VIGECAM), Apax Holding JSC and Viglacera Corporation.-VNA

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