SOEs share auctions earn 463 million USD for State
State-owned enterprises have earned 10.4 trillion VND (463.1 million USD) in 143 share auctions held on the HCM Stock Exchange and the Hanoi Stock Exchange, the bourses said.
Hanoi (VNA) - 🉐State-owned enterprises have earned 10.4 trillion VND (463.1 million USD) in 143 share auctions held on the HCM Stock Exchange and the Hanoi Stock Exchange, the bourses said.
Experts consider 2015 to be a year of well-implemented equitisation, divestments and initial public offerings (IPO).
The northern HNX bourse organised 93 auctions worth 5.94 trillion VND (264.5 million USD), while the southern HoSE bourse's 50 auctions helped to mobilise 4.45 trillion VND (198.1 million USD).
Thus, the average value of each session on HNX and HoSE was nearly 64 billion VND (2.84 million USD) and 89 billion VND (3.96 million USD), respectively.
According to HoSE, the most notable IPOs of the year were of the Vietnam Airlines Corporation, Sai Gon Port One Member Limited Company and the Vietnam Seafood Corporation.
Meanwhile, on HNX, the IPO with the highest offering was of Vinacomin's Power Corporation with 236.3 million shares, while the IPO that saw the largest number of participants was of the Hai Phong Water Supply Limited Company in which 652 organisations and individuals participated.
The northern bourse said large SOEs that conducted IPOs included the Vietnam National Coal – Mineral Industries Holding Corporation Limited, Viet Bac Mining Company, Vegetables and Agriculture Product Corporation and Vietnam Tea Corporation, besides the Vietnam Machinery Installation Corporation. HNX also held the auction of Vinamotor shares in early 2016, mobilising 1.2 trillion VND (53.4 million USD).
The two bourses said they organised several auctions for the first time in 2015 to attract more investors and saw good results. These included batch auctions of Cienco 5, Cienco6, Kim Lien Hotel and Ha Tinh Pharmaceutical JSC, besides Thanh Hoa Medical Materials and Food Joint Union.
HoSE plans to conduct more important equitisations of large SOEs this year, such as MobiFone, Sai Gon Commercial Corporation and Ben Thanh Corp.-VNA
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Illustrative image (Source: VNA)
