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VietNamNews

HNX collects $415m from share auctions in November

Update: December, 04/2018 - 11:07
In the last 11 months, the HNX held 36 auctions, including 25 for divestment, 10 initial public offerings (IPOs) and one for purchase rights. — VNA/VNS Photo
Viet Nam News

HÀ NỘI — The Hà Nội Stock Exchange (HNX) organised five auctions for divestment in November with total transaction value of more than VNĐ9.7 trillion (US$415 million).

The auctions were held for the Việt Nam Construction And Import-Export Joint Stock Corporation (Vinaconex), the Hà Nội Housing Development and Investment Joint Stock Company, the Water Transport Company under the Việt Nam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin) and the Việt Trì Paper Company.

About 376 million shares were put up for sale at the auctions, but up to 997 million shares were ordered, 2.65 times more than the offered amount.

As a result, all 376 million shares offered were sold for more than VNĐ9.7 trillion.

In the last 11 months of this year, the HNX held 36 auctions, including 25 for divestment, 10 initial public offerings (IPOs) and one for purchase rights.

Of over 1.98 billion shares offered, about one billion shares were sold for VNĐ20.8 trillion, reaching 54 per cent of those on offer. — VNS

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