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Banking & Finance

HNX earns $6.2mn at four April auctions

Released at: 18:14, 06/05/2017

HNX earns $6.2mn at four April auctions

Illustrative image (Source: HNX)

More than 31 million shares put up for sale while investors registered to purchase 40 million.

by Long Van

Some VND142 billion ($6.2 million) was earned through four auctions in April on the Hanoi Stock Exchange (HNX) of State-owned enterprises selling shares from businesses in non-core fields, local media report.

Auctions were held for the State Capital Investment Corporation (SCIC) to divest from the Barotex Vietnam Investment and Trading JSC, Vietnam National Shipping Lines selling shares of the Vinalines Ship Repair Company, the Ministry of Agriculture and Rural Development offloading shares from a maize investment and development company, and the Truong Son Construction Corporation selling shares in the Construction JSC 565.

More than 31 million shares were up for sale while investors registered to buy some 40 million; 31 per cent higher than the volume on offer. All shares in the four auctions were sold.

HNX will hold nine auctions this month, of the Central Investment and Development JSC, the Hanoi Food JSC, the Telecommunication Project Construction Development JSC, the Vietnam Post and Telecommunication Land JSC, the PetroVietnam Oil Quang Ninh JSC, the Post and Telecommunication Service Construction JSC, the Vietnam General of Agricultural Materials Corporation (VIGECAM), the Apax Holding JSC, and Viglacera Corporation.

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