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Airports Corporation of Vietnam sells 77.8 million shares

by VTV11 December 2015 Last updated at 11:20 AM

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Airports Corporation of Vietnam sells 77.8 million shares
VTV.vn - The Airports Corporation of Vietnam (ACV) commenced to sell 77.8 million shares during its initial public offering (IPO) at the Ho Chi Minh City Stock Exchange (HOSE) on December 10th.

Following privatization, ACV will have a registered capital worth US$1 billion. The government will retain a 75 percent stake in the company; 20 percent will be sold to strategic investors and the rest will be sold at public auction. With a starting price of 11,800 VND/share, according to HOSE, there are currently over 114 million registrations to buy shares of ACV, 1.5 times higher than the number of shares offered./.