The Hanoi Stock Exchange said that it will organise six auctions in April to offload shares of Kim Lien Tourism JSC, Song Hong Energy JSC, Lung Lo 3 Co., Ltd, Vietnam Television Cable Corporation one member Co., Ltd, Van Tuong Investment Structure one member Co., Ltd and Orient Commercial Joint Stock Bank.

 

The northern bourse said that more than 84.9 million shares were sold out in March’s four auctions, raising total capital of over 1.3 trillion VND (57.2 million USD) for the State budget. Those include two initial public offerings (IPO) of the Garment and Textile Institute and the Hanoi Trading Corporation (Hapro) and two divestment auctions of Hapulico Industry JSC and Thong Nhat Electromechanical JSC.

 

Over 85 million shares were put up for sale in the month, doubling the amount in February.

 

Investors registered to buy around 114.75 million shares, 1.35 times higher than the volume of shares offered. They particularly showed their interests in Hapro shares and Thong Nhat Electromechanical JSC shares when the amount of ordered stocks was much higher than the quantity offered.

 

The IPO of Hapro saw 100 percent of the shares sold out, earning the state over 980 billion VND (43.12 million USD).-VNA