Thanh Hóa Water Supply raises US$15.7 million from share sale

Thanh Hóa Water Supply JSC on Wednesday raised US$15.7 million from selling 11 million shares on the Hà Nội Stock Exchange. The northern market regulator will hold five auctions in April to sell 37.4 million shares. — Photo thoibaotaichinhvietnam.vn

A total of 16 investors, including one institutional investor, signed up for the auction and registered to buy a total 117.2 million shares.

Four individual investors successfully purchased all shares offered for sale at the auction.

The highest bid price was VNĐ51,000 ($2.19) per share and the lowest was VNĐ12,000 per share. The company set the initial bidding price at VNĐ12,000 per share.

Thanh Hóa Water Supply JSC is one of the five companies that put shares up for sale on the HNX in April.

The Saigon Bank for Industry and Trade (Saigonbank) will auction more than 15 million shares on April 19, according to the HNX.

The total number of shares to be auctioned on the HNX in April is more than 37.4 million shares.

Other companies include Thuận An Coffee Co Ltd, which will sell more than 1.34 million shares on April 26.

In March 2019, investors bid for shares of six companies on the HNX. Among those firms were the ceramic and tile producer Viglacera, Lilama 18 JSC and Lilama 69-1 JSC.

The three companies received total VNĐ1.67 trillion from selling their shares with Viglacera’s income accounting for 95 per cent of the total.

The total value of shares sold in March 2019 reached VNĐ1.76 trillion. — VNS