HNX collects more than $6.3 million for State budget

May 05, 2017 - 18:45

The Hà Nội Stock Exchange in April earned VNĐ142 billion (US$6.33 million) for the State budget from four public sales as part of divestment from State-invested companies.

The Hà Nội Stock Exchange in April earned VNĐ142 billion (US$6.33 million) for the State budget from four public sales as part of divestment from State-invested companies. — Photo vietstock.vn

Viet Nam News

HÀ NỘI — The Hà Nội Stock Exchange in April earned VNĐ142 billion (US$6.33 million) for the State budget from four public sales as part of divestment from State-invested companies.

The four public auctions were the sale of the State’s ownership in Barotex Việt Nam Trade and Investment JSC, Vinalines Ship Repair LLC, Việt Nam Corn Investment and Development JSC, and 565 Construction JSC.

More than 31 million shares of the four companies were offered for sale in the four public auctions. These shares were sold for VNĐ142 billion, 9.8 per cent higher than the total starting value of the shares.

In May, the HNX plans to hold nine public sales to auction the State’s ownership in other State-funded companies, including Central Region Investment and Development JSC, Hà Nội Food and Foodstuff Processing and Trading JSC, and Việt Nam Post and Telecommunication Land JSC. — VNS

Tags HNX auction divestment State capital

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