3:26:32 PM | 7/8/2005
Vinamilk Raises VND572Bln from Selling Shares
Vietnam Milk Joint Stock Co. (Vinamilk) has attracted VND572 billion from auction sales of 1,827,000 popular shares with the participation of 122 investors, including 16 foreign organisations and four foreign individuals.
The highest price was valued at VND2,222,000 per share, 10.1 times higher than the initial price.
Vinamilk has authorised capital of VND1,590 billion, of which the State is holding 75.47 per cent. Over the past four years, the company has recorded a net profit of over VND1,619 billion, including VND464.59 billion in 2004.
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