Illustrative image (Source: VNA) Hanoi (VNA) – Over 480million shares that the State-owned Vietnam National Shipping Lines (Vinalines)failed to sell at its recent initial public offering (IPO) will be offered toinvestors in the near future.
The IPO, held at the Hanoi StockExchange earlier this month, saw 42 investors purchasing about 5.44 millionshares, or just over 1 percent of the nearly 490 million shares offered, at anaverage price of 10,002 VND (0.43 USD) apiece.
Nearly 5.14 million shares were purchased byindividual investors while the remaining 300,000 were sold to organisations.The highest winning price was 13,000 VND (0.56 USD) per share.
Vinalines said it will offer up all the sharesleftover from the IPO, as well as those which were meant to be sold atpreferential rates to its employees and the trade union.
The eligible investors are those whowon at the IPO on September 5, with the selling prices as their winning pricesat that event.
Investors can register to take part in the nextoffering until 4pm of September 30, Vinalines said.
It added that a major shipping company from theRepublic of Korea is currently assessing investment opportunities in order toparticipate in the upcoming offering. If everything is favourable, about 5-6percent of shares could be sold to this firm. –VNA
