At an auction on HNX in April, 2018 (Source:VNA)Hanoi (VNA) – Twenty-one auctionswere held at the Hanoi Stock Exchange (HNX) inthe first half of 2018, including 14 for capital withdrawal, six for initialpublic offering (IPO) and one for purchase rights.
More than 1 billion shares were auctioned, of which some 650 million shareswere traded, equivalent to 63 percent. About 10.4 trillion VND (452.9 millionUSD) worth of shares were collected after the 21 auctions.
Investors were interested in auctions for divestments and IPOs on HNX, withoffered volume several times higher than sale volume.
In June there was an IPO auction of the HaiDuong motor vehicle registration centre, and another auction for capitalwithdrawal of Bach Dang Construction Corporation JSC of the Ministry ofConstruction.
Only 22 million shares worth 556 billion VND(24.2 million USD) were auctioned, while up to 90 million shares were orderedin the two auctions, up four times compared to those for sale.
According to the HNX, it will hold two auctions in July, with more than 11million shares of the Duyen Hai Quang Ninh One-member Company Limited and the NgheAn Water Supply JSC on offer.-VNA
VNA
