Hanoi, (VNS/VNA) - The Hanoi Stock Exchange (HNX) announced an upcoming series of share auctions set to take place in April, featuring five distinct companies.
The first company participating in the auction is Transport Service No. 8, headquartered at 18 Ho Dak Di Street, Dong Da district, Hanoi.
This corporation specialises in road construction and currently has a charter capital of 735 billion VND (28.7 million USD).
On April 9, HNX will conduct an auction for nearly 11 million shares, owned by the State Capital Investment Corporation (SCIC), with a starting price of 209.43 billion VND per lot.
Notably, foreign investors are not permitted to purchase any of these shares.
Following closely, on April 10, Sapa Petro Tourist JSC will offer over 2.5 million shares at a starting price of 95.23 billion VND.
This company, based in Sapa, Lao Cai province, operates primarily in the hotel business and has a charter capital of 100 billion VND.
Similar to the previous auction, foreign investment in these shares is also restricted.
Another player in the upcoming auctions is Vinacomin Uong Bi Electric Mechanical JSC.
Located in Uong Bi City, Quang Ninh province, this company focuses on mechanical processing and metal coating.
On April 8, it will auction 862,306 shares, which are currently held by the Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin), at a price starting from 38,400 VND per share.
Unlike the previous companies, foreign investors can acquire the full amount of shares offered.
Uong Bi Mechanical JSC, also a subsidiary of Vinacomin, will participate in the auction on the same day, offering 306,054 shares starting at 89,800 VND each.
This company specialises in the maintenance and repair of automobiles and has a charter capital of 15 billion VND.
Lastly, Lang Son Market JSC will hold an auction on April 15.
Based in Lang Son province, this company primarily focuses on providing rental space for businesses.
It will auction 797,975 shares at a starting price of 44,200 VND, with no foreign ownership allowed.
Investors interested in these auctions must register and submit their deposits by the specified deadlines set by HNX./.
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