Vietcombank yields over $15 million from divestment

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

Other news

Most view

Storm Son Tinh to weaken into tropical low-pressure on July 19

Storm Son Tinh to weaken into tropical low-pressure on July 19

According to the national center for Hydro Meteorological Forecasting, the 3rd storm  Son Tinh at 16pm July 18 centered at 18.8 degrees latitude, 107.5 degrees east longitude, on the Tokin Gulf, 190km from Thanh Hoa to Quang Binh provinces.


Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.