State capital at four firms to be auctioned in March

VNA
About 7.42 million shares of four companies invested with State capital will be auctioned at the Hanoi Stock Exchange (HNX) this March.
The HNX said these firms consist of LILAMA 69-1 JSC, LILAMA 18 JSC, Bao Viet Hotel & Tourism JSC, and Central Pharmaceutical JSC No. 3 (FORIPHARM).

In February, five auctions were held at the HNX to divest State capital from Ninh Binh Water Supply and Sewerage JSC, Ha Tinh Environment and Urban Works JSC, Cua Lo Water Supply JSC, LILAMA 10 JSC, and LILAMA 69-3 JSC.

More than 25.6 million shares were offered for sale last month, and over 20.8 million shares or 81 percent of them were auctioned successfully. Over US$490 billion ($21.1 million) was collected from those auctions.

Since this year’s beginning, the HNX has organised six auctions of the State’s shares at businesses, offering about 26.3 million shares. More than 21.4 million shares, equivalent to 81.5 percent, worth over VND497.6 billion were sold successfully, according to the exchange.

Other news