The Ho Chi Minh City Stock Exchange (HoSE) has just published the list of investors and the registered shares to be bought at MARD’s divestment of the State’s holdings in Vinasugar II. There are seven investors taking part in the auction with total registered shares of over 63,7 million, 16,000 shares higher than the share volume put on offer. Five domestic individuals registered to buy 36.43 million and two domestic organisations registered to buy 27.28 million. Vinasugar II offers to auction over 63.69 million shares, equalling 93 per cent of its charter capital on February 13 at the initial price of VND10.420 per share. MARD expects to acquire VND664 billion ($29.25 million) in proceeds. Vinasugar II’s auction promises to be successful, breaking the spell of bad luck that has been plaguing the latest IPOs, such as Vietnam Rubber Group (VRG) that sold only 21 per cent of the shares put on offer. MARD will also stage the IPO of the parent company, Vietnam Southern Food Corporation Limited (Vinafood 2), on March 14. Vinasugar II was transformed into a joint stock company in 2006 with the charter capital of VND685 billion ($30.2 million). The main business lines of Vinasugar II are the production of sugar from sugarcane, honey, as well as the production of different starch products, manufacturing food packing, as well as mechanical products and parts. This company also provides technical services for sugarcane and sugar, the wholesale trading of agricultural products, foods, as well as provides accommodation services and… [Read full story]
Vietcombank's share auction took place yesterday at the Ho Chi Minh Stock Exchange (HOSE) with the highest bid reaching VND191,000 per share, said HOSE Director Tran Dac Sinh. Vietcombank (VCB) set its minimum price at VND100,000. The share auction attracted 9,473 investors, 9,221 of whom were domestic corporations and individuals, the rest from overseas. A total of 62 securities companies were chosen to receive buy orders for VCB shares, an increase of four to five times compared to any prior share auction. The auction's ultimate impact of the HCMC bourse is expected to be announced later today. But, since yesterday…... [read more]
The Lao Securities Exchange (LSX) officially announced that it applies online trading services from May 10. To ensure stable system operation, LSX has test-run in three days from May 6 to 8. Thus, with an internet-enabled connection, investors can buy and sell shares listed on the Laos Stock Exchange, easily access information, and check account balances and transaction logs. Hong Hanh... [read more]
The Hanoi Stock Exchange (HNX) has announced the results of registrations to purchase Viglacera Corporation (VGC) shares at auction. There will be 1,026 investors participating in the auction, including 78 institutional investors and 948 individual investors. The auction will be held at 8.30am on May 29 on HNX. The starting price is VND12,300 ($0.54) per share, equivalent to a total value of about VND1.5 trillion ($66 million). Viglacera has 307 million outstanding shares (equivalent to charter capital of VND3.07 trillion ($135.3 million)) and has listed 65 million on HNX. At the close of trade on May 23, VGC was priced…... [read more]
SCIC stakes unsalable after Vinamilk shares auctionMinh Tam HCMC – Having successfully sold a 3.33% stake at Vietnam Dairy Products Joint Stock Company (Vinamilk), the State Capital Investment Corporation (SCIC) has had great difficulty offloading its stakes in other companies due to a lack of investor interest. SCIC on Wednesday announced to cancel the auction of 2.5 million shares it is holding at Lam Dong Pharmaceutical JSC (Ladophar) as no investors had registered to acquire the shares. SCIC has offered the share volume, equivalent to 31.88% of Ladophar’s shares, since December 4. Such a move came as a surprise as…... [read more]
Foreign investors net buy VND8.4 trillion of G-bonds Hong Phuc HCMC - Foreign investors are net buyers of Government bonds in Vietnam, with their net purchases amounting to some VND8.4 trillion since the beginning of the year. Market factors have remained favorable for foreign investors’ net purchases of G-bonds. Last week, they net bought VND1.33 trillion of the debt paper on the secondary market, with over VND1.73 trillion purchased and VND403 billion sold. Foreigners’ net buying of Government debt has picked up since last year when international financial institutions marked a year of constant net purchases with the highest volume…... [read more]
