The Hanoi Stock Exchanges (HNX) said stakes put on auction in the bourse were in heavy demand in February with the total buy orders almost doubling those available for sale.
HNX-listed stakes in heavy demand in Feb. (Photo: Vietnam Finance)
Hanoi (VNA) – The Hanoi Stock Exchanges (HNX)said stakes put on auction in the bourse were in heavy demand in February withthe total buy orders almost doubling those available for sale.
In some auctions, the number of shares ordered was evenfive times higher than those on sale.
Last month, five companies put up a total of more than 43million shares on auction, which were Vikor Steel JSC, Vinacomin ShippingAgency JSC, SeaBank, Hapulico Real Estate Investment JSC, and Hoa Binh cleanwater JSC.
Over 91 percent of the volume, or 39.4 million stakes,were sold to investors for 470.9 billion VND (20.86 million USD), 46.2 billionVND (2.04 million USD) higher than the starting price.
SeaBank successfully sold all the available 33.4 millionshares to six organisations and 42 individuals for about 333 billion VND (14.75million USD).
Hoa Binh clean water JSC enjoyed great attention frominvestors with the number of shares in demand being 4.8-fold higher than theoffers.
All 1.6 million shares were sold out to raise over 53billion VND (2.35 million USD) with the average bid price nearly three timeshigher than the starting price.-VNA
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HNX-listed stakes in heavy demand in Feb. (Photo: Vietnam Finance) 
