|Khánh Hòa Sanest Beverage specialises in the production of processed milk and dairy products, non-alcoholic beverages and mineral water. — Photo yensaokhanhhoa.com.vn|Viet Nam News
HÀ NỘI — Khánh Hòa Sanest Beverage Company earned VNĐ222.7 billion (US$9.8 million) from the sale of nearly eight million shares at its initial public offering (IPO), the HCM City Stock Exchange said.
The starting price for the IPO was VNĐ23,000 per share.
The auction on Monday attracted eight organisations and 285 individuals, who registered to purchase 20,677,820 shares.
The highest bid price was VNĐ80,000 per share, the lowest price was VNĐ25,300 per share and the average was VNĐ27,937 per share, 21.5 per cent higher than the starting price.
Two organisations and 132 individuals won the bids.
Khánh Hòa Sanest Beverage specialises in the production of processed milk and dairy products, non-alcoholic beverages and mineral water, along with selling retail and wholesale beverages and food products.
The company is among five subsidiaries of the Khánh Hòa Salangane Nests Company, with initial charter capital of VNĐ220 billion on the launch day of January 28, 2016.
Last year, the company posted revenue of VNĐ535 billion, accounting for 62 per cent of Khánh Hòa Salangane Nests Company’s total revenue.
Besides exporting products to the United States, mainland China, Taiwan and Hong Kong, Khánh Hòa Salangane Nests Company has also set up branches in other ASEAN countries. — VNS