Initial public offerings of State-owned enterprises (SOEs) have raised atotal of 1.7 trillion VND (80.9 million USD) so far this year.
Fromthe beginning of this year to May 14, 25 SOEs had their sharesauctioned on the Hanoi Stock Exchange while on Hochiminh Stock Exchange,four SOEs were equitised.
Most recently, Hai Phong Port raised238.7 billion VND (11.3 million USD) in its IPO. About 47 percent ofmore than 37.635 million shares put on sale at an initial price of13,500 VND (0.64 USD) a share, were sold at the auction to 78 investors,none of whom were foreigners.
Hai Phong Port had the biggestcharter capital among SOEs which launched an IPO, worth around 3.27trillion VND (155.7 million USD), followed by Viglacera with a chartercapital of 3.07 trillion VND (146.1 million USD).
The Ministry ofTransport had the most SOEs which implemented an IPO this year whichnumbered 9, including Cienco 1, Cienco 4, Thang Long ConstructionCorporation, Tedi and Vinawaco which were among 11 SOE overall had allof their shares sold at the IPO.
Seven out of 25 SOEs did not have a successful IPO with less than 5 percent of shares sold.
Oneof which was Cienco 8, with only 37,000 shares out of more than 10million shares or 0.37 percent sold. Others included Hanoi ConstructionCorporation, Vivaso and Vinamotor.
SOEs' IPO seemingly did notappeal to foreign investors as only Viglacera had foreign investors whobought 10.1 million shares, accounting for 52 percent of the totalshares sold.
Under the approved plan, 432 SOEs must be equitised in the 2014-15 period.-VNA
Fromthe beginning of this year to May 14, 25 SOEs had their sharesauctioned on the Hanoi Stock Exchange while on Hochiminh Stock Exchange,four SOEs were equitised.
Most recently, Hai Phong Port raised238.7 billion VND (11.3 million USD) in its IPO. About 47 percent ofmore than 37.635 million shares put on sale at an initial price of13,500 VND (0.64 USD) a share, were sold at the auction to 78 investors,none of whom were foreigners.
Hai Phong Port had the biggestcharter capital among SOEs which launched an IPO, worth around 3.27trillion VND (155.7 million USD), followed by Viglacera with a chartercapital of 3.07 trillion VND (146.1 million USD).
The Ministry ofTransport had the most SOEs which implemented an IPO this year whichnumbered 9, including Cienco 1, Cienco 4, Thang Long ConstructionCorporation, Tedi and Vinawaco which were among 11 SOE overall had allof their shares sold at the IPO.
Seven out of 25 SOEs did not have a successful IPO with less than 5 percent of shares sold.
Oneof which was Cienco 8, with only 37,000 shares out of more than 10million shares or 0.37 percent sold. Others included Hanoi ConstructionCorporation, Vivaso and Vinamotor.
SOEs' IPO seemingly did notappeal to foreign investors as only Viglacera had foreign investors whobought 10.1 million shares, accounting for 52 percent of the totalshares sold.
Under the approved plan, 432 SOEs must be equitised in the 2014-15 period.-VNA
