HNX Gets VND554 Bln from Public Auctions in July
In July 2016, the Hanoi Stock Exchange (HNX) held a total of five public auctions with three out of five sessions selling out 100 per cent of shares offered.
According HNX, a total of over 47.1 million shares were put up for auction in the five sessions, down 33 per cent from June. HNX received recorded 221 bidder registrations, both institutional and individual bidders. They placed bids for 122.3 million shares, exceeding 260 per cent of the volume offered. The initial public offering (IPO) of Viglacera Corporation had 178 bidder registrations.
As a result, 36.2 million shares were sold, or 77 per cent of the shares offered, with combined proceeds of more than VND554 billion, VND120.8 billion higher than the starting price. On average, a session took over VND110.8 billion, up 14 per cent from June.
In five IPOs, Vinh Yen Environment and Urban Services Joint Stock Company, Railway Material and Equipment Export Import Joint Stock Company, and Viglacera Corporation sold out their shares and earned over VND524.8 billion in combination. Notably, bids for Viglacera Corporation outnumbered offers by 2.7 times. The State earned VND417.7 billion from this IPO.
Hien Hung
Vietnamese
