The State Capital Investment Corporation (SCIC) collected 137 billion VND (6 million USD) after auctioning 5.35 million shares of the Viet Nam Construction and Import-Export Joint Stock Corporation (Vinaconex) on the Hanoi Stock Exchange on December 8.
A Vinaconex building on Lang Ha Street. (Photo: VNA)
Hanoi (VNA) - The State Capital Investment Corporation (SCIC) collected 137billion VND (6 million USD) after auctioning 5.35 million shares of the VietNam Construction and Import-Export Joint Stock Corporation (Vinaconex) on theHanoi Stock Exchange on December 8.
The amountof shares was equal to 5.6 percent stake of SCIC at Vinaconex.
After thesale, the SCIC reduced its ownership in Vinaconex from 57.79 percent to 52.2 percent,nearly 250 million shares.
The biddingprice for Vinaconex shares, listed on the northern bourse as VCG, was 25,600 VNDper share.
At thesession, three investors registered to buy shares successfully, one of whichwas an organisation purchasing 5 million shares and two were individuals buying350,000 shares.
Vinaconexhas also formally established two fully Vinaconex-invested firms, Vinaconex CMand Vinaconex INVEST, under its restructuring plan.
Vinaconex CMhas chartered capital of 300 billion VND and plans to gradually increase it to 1trillion VND. The company’s revenue in 2021 is expected to reach 8 trillion VND,with profits reaching 165 billion VND.
VinaconexINVEST focuses on real estate business and other areas where Vinaconex has muchpotential such as hydroelectric power, infrastructure investment and education.The charter capital of the company is expected to increase gradually from thecurrent 300 billion VND to 2 trillion VND. In 2021, the company’s revenue andprofit are forecast to reach 10 trillion VND and 500 billion VND, respectively.
Inmid-November, Vinaconex said it had targeted average growth of 10-15 percentduring 2017-21. In the first nine months of this year, its revenue wasestimated at nearly 6.63 trillion VND, up 17.9 percent over the same periodlast year and exceeding its full year’s target by 61 percent.
Theafter-tax profit was 623 billion VND, rising by 31.3 percent year-on-year. -VNA
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A Vinaconex building on Lang Ha Street. (Photo: VNA) 
