The LaneXang Securities Company and the Development Bank of Laos and the Sacombank Securities Company of Vietnam have held the first ever bidding of shares of the Lao Bank for Foreign Trade (BCEL).
At the bidding more than 20.49 million BCEL shares were offered for sales at an initial price of 5,000 Lao kip per share.
As many as 429 investors, including 11 organisations, took part in the bidding, registering for 34.58 million shares or over 170 percent of the offered shares.
The lowest price of the bidding was 5,500 kip and the highest price was 50,000 kip per share. On average each share was sold at 5,910 kip.
At the event, 372 investors bought shares at a total value of 121 billion Lao kip./.
At the bidding more than 20.49 million BCEL shares were offered for sales at an initial price of 5,000 Lao kip per share.
As many as 429 investors, including 11 organisations, took part in the bidding, registering for 34.58 million shares or over 170 percent of the offered shares.
The lowest price of the bidding was 5,500 kip and the highest price was 50,000 kip per share. On average each share was sold at 5,910 kip.
At the event, 372 investors bought shares at a total value of 121 billion Lao kip./.
