Illustrative photo (Photo: tapchitaichinh.vn)Hanoi (VNA) – Some 142 billion VND (6.2 million USD) was raised throughfour auctions on the Hanoi Stock Exchange (HNX) of state-owned enterprises sellingshares from businesses in their non-core areas in April.
The auctions were held for the State Capital Investment Corporation (SCIC) todivest from Barotex Vietnam Investment and Trading JSC, Vietnam NationalShipping Lines to sell shares of Vinalines Ship Repair Company, the Ministry ofAgriculture and Rural Development to offload its shares from a maize investmentand development company and Truong Son Construction Corporation to sell shares ofConstruction JSC 565.
More than 31 million shares were put up for sale while investors registered tobuy some 40 million shares, 31 percent higher than the volume offered.
Shares in the four auctions sold out.
In May, HNX will hold nine auctions of the central investment and developmentJSC, Hanoi Food JSC, Telecommunication Project Construction Development JSC,Vietnam Post and Telecommunication Land JSC, PetroVietnam Oil Quang Ninh JSC,Post and Telecommunication Service Construction JSC, Vietnam General ofAgricultural Materials Corporation (VIGECAM), Apax Holding JSC and ViglaceraCorporation.-VNA
VNA
