Eight auctions were organised on the two national stock exchanges in August, bringing in a total of VNĐ2.83 trillion (US$127 million) for issuers. — Photo cafef.vn
HÀ NỘI – Eight auctions were organised on the two national stock exchanges in August, bringing in a total of VNĐ2.83 trillion (US$127 million) for issuers.
A total of 222 million shares were offered for sale on the two exchanges in August, up 150 per cent over those of July.
Of the two public sales on the Hà Nội Stock Exchange, the initial public offering of over 167 million shares of the Vietnam Engine and Agricultural Machinery Corporation (VEAM) was the biggest.
Only 89.5 per cent of total shares offered were sold successfully, earning over VNĐ2.1 trillion for the company and marked it the biggest IPO in Việt Nam this year. Of total 149.5 million shares sold, foreign investors purchased 30 million shares.
The highest bidding price was VNĐ16,520, higher than the starting price of VNĐ14,290 per share. One institution paid VNĐ1.1 trillion for 80 million shares.
The most attractive auction was the whole lot sale of 360,000 shares of Mineral Development JSC, owned by Vinacomin – Minerals Holding Corporation, on the Hà Nội Stock Exchange. Six tenders registered to buy nearly 2.2 million shares, six times higher than the total shares offered.
Sale price was VNĐ6.5 billion, 50 per cent higher than the starting price.
Another four auctions on the HCM Stock Exchange were also sold out. Especially, total bidding volumes in the share sales of the Saigon Bank for Industry and Trade (SGB) and Bình Dương Water Supply Sewerage and Environment Co Ltd (Biwase) were four times higher than total volume offered.
The SGB’s auction brought in nearly VNĐ160 billion for the bank while the share sale of Biwase earned the company over VNĐ250 billion.
Ending August, 93 auctions were held in the two markets, collecting more than VNĐ11.8 trillion. – VNS