HNX nets VND9.8 trillion in auctions

The Hanoi Stock Exchange (HNX) said it has organised 19 auctions so far this year, including three for capital withdrawal, five for initial public offerings (IPO) and one for purchase rights.

HNX nets VND9.8 trillion in auctions

A total of more than 1 billion shares were auctioned, of which over 627 million shares were traded, equivalent to 63 percent. Some VND9.8 trillion  ($431.2 million) worth of shares were collected after the 19 auctions.
The auctions for capital withdrawal remained attractive to investors. In May, there were an auction for capital divestment of Apatit Vietnam One Member Ltd. Co., at Vietnam Apatit Phosphorus JSC, and another auction for purchase rights of Airports Corporation of Vietnam.
Up to 14.99 million shares were ordered during the capital divestment auction as compared with only 10.5 million shares auctioned, which were sold out at the end of the auction.
Meanwhile, only 0.07 percent or 262,000 rights to buy shares of Airports Corporation of Vietnam were sold in the purchase right auction.
The HNX said there will be only one auction in June with more than 20.5 million of shares of Bac Dang Construction Corporation put on sale on June 18.


Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


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

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).