Illustrative image (Source: Internet) Hanoi (VNA) - Binh SonRefining and Petrochemical Company (BSR) will trade shares on the UnlistedPublic Company Market (UPCoM) with code BSR on March 1.
The Hanoi Stock Exchange said in astatement that BSR will start trading more than 241.4 million shares at 22,400 VNDper share and its trading band is 40 percent on both side of the referenceprice.
BSR on January 17 launched its initialpublic offering (IPO) to sell more than 241.5 million shares or 7.79 percent ofthe company’s charter capital at the starting price of 14,600 VND per share.
The IPO attracted more than 4,000investors, placing bids for nearly 652 million shares – 2.7 times the number ofshares offered for the IPO.
BSR earned 244 million USD from the IPOat the average selling price of 23,043 VND per share. The company will sell 49 percentof its charter capital to the strategic investor and 6.5 million shares to itsemployees at the preferential price level.
The State will reduce its ownership inBSR to 43 percent from the previous 100 percent. The company earned 5.43trillion VND in the first nine months of 2017.-VNA
The Hanoi Stock Exchange said in astatement that BSR will start trading more than 241.4 million shares at 22,400 VNDper share and its trading band is 40 percent on both side of the referenceprice.
BSR on January 17 launched its initialpublic offering (IPO) to sell more than 241.5 million shares or 7.79 percent ofthe company’s charter capital at the starting price of 14,600 VND per share.
The IPO attracted more than 4,000investors, placing bids for nearly 652 million shares – 2.7 times the number ofshares offered for the IPO.
BSR earned 244 million USD from the IPOat the average selling price of 23,043 VND per share. The company will sell 49 percentof its charter capital to the strategic investor and 6.5 million shares to itsemployees at the preferential price level.
The State will reduce its ownership inBSR to 43 percent from the previous 100 percent. The company earned 5.43trillion VND in the first nine months of 2017.-VNA
VNA
