Vietcombank yields over $15 million from divestment

SGGP
Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) yesterday auctioned 19.8 million shares from Vietnam Cement Finance Company (CFC) and Saigon Bank for Industry and Trade (SaigonBank), yielding over VND342 billion (US$15.06 million).
 

Vietcombank yields over $15 million from divestment

At the first auction session, 6.6 million shares of CFC were offered for sale at the starting price of VND11,549 a share. Nine individual investors registered to attend the session and purchased all at the price of VND11,554 a share. The value of the share sale tops VND76 billion ($3.35 million).
The auction session of Saigonbank shares was hosted by Hanoi Stock Exchange (HNX) on the same day. Over 13.2 million shares were offered for sales at the starting price of VND12,550 a share, equivalent to 4.3 percent of Vietcombank’s capital at Saigonbank.
Investors registered to buy up to VND53.8 million shares, quadruple the offered for sale volume. Closing the session, HNX announced the highest ordered volume was 13.2 million and the lowest order was 100 shares with the highest price being VND20,100 and the lowest at VND12,550.
All of 13.2 million shares were sold at the highest price, bringing Vietcombank VND266 billion ($11.71 million).


By NHUNG NGUYEN – Translated by Hai Mien

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