Two investors purchase all hospital shares

Central Transport Hospital yesterday opened an auction session to sell nearly five million shares in its initial public offering at Hanoi Stock Exchange (HNX).

The offered for sale stocks were sold out to an individual and an organization at the average price of VND23,597 per share. The highest auction price was VND26,000 per share, which is also the highest price for the last two months at HNX.

The five million shares are equivalent to 29.5 percent of the company’s chartered capital after equitization with the starting price of VND10,000 per share.

Total value of the sold shares is estimated at VND116.8 billion (US$5.26 million), higher than the staring value of VND67.3 billion (US$3.02 million).

The Central Transport Hospital is the first public hospital that has been equitized in Vietnam.

After equitization, the company will total a chartered capital of VND435.5 billion (US$19.59 million) and state capital will account for 73 percent, said deputy director Le Tuyen Hong Duong.

The hospital will continue selling shares at the joint stock company to reduce the state capital ratio to 30 percent, he added.

By Ngoc Quang – Translated by Hai Mien

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