The HNX has organised 27 auctions in the first nine months of the year, including 16 capital withdrawals, 10 initial public offerings (IPOs) and one was for purchase rights. (Photo: hanoimoi.com.vn) Hanoi (VNA) – The Hanoi Stock Exchange (HNX) organized 27 auctions so far this year with total transaction value of more than 10.8 trillion VND (465 million USD) from. About 1.5 billion shares were put up for sale at the auctions, and more than 674 million shares were traded, accounting for 44 percent of the offered amount. The auctions included 10 initial public offerings (IPOs) and 16 for divestment. There was one auction for purchase rights. In September, HNX hosted four auctions, including three IPOs of the Vietnam National Shipping Lines (Vinalines), Nguyen Van Troi Forestry One Member Co Ltd and Kon Tum Water Supply One Member Ltd, and one auction of Vietcombank’s stake at the Phuong Dong Bank. Over 497.2 million shares were offered at the four auctions; however, … [Read more...] about Hanoi Stock Exchange hosts 27 auctions in nine months
Ipo of the vietnam national shipping lines
Vinalines raises meager US$2.33 million in IPO
The Hanoitimes - The result remained modest compared to Vinalines` expectation of raising at least VND4.89 trillion (US$210 million) from the IPO. State-run Vietnam National Shipping Lines (Vinalines) raised VND54.3 billion ($2.33 million) from an initial public offering (IPO) on September 5, according to the Hanoi Stock Exchange (HNX). Illustrative photo. The result remained modest compared to Vinalines' expectation of at least VND4.89 trillion (US$210 million). Specifically, Vinalines sold 5.43 million shares or only 1.11% of the shares offered at the IPO at an average price of VND10,000 (US$0.43) apiece. A total of 42 investors took part in the auction, of which 40 were individual investors and two organizations, stated HNX. The highest bid value reached VND13,000 (US$0.56) per share. Under the initial plan the shipping firm offered 488.82 million shares or 34.8% of its charter capital in the IPO at a starting price of VND10,000 (US$0.43) … [Read more...] about Vinalines raises meager US$2.33 million in IPO
Vinalines’s IPO to offer nearly 489 million shares
Vinalines operates 14 seaports nationwide and owns the largest area of maritime storages in Vietnam. (Photo: baodautu.vn) Hanoi (VNA) – The Vietnam National Shipping Lines (Vinalines) will offload nearly 489 million shares in its initial public offering (IPO) scheduled on September 5 at the Hanoi Stock Exchange. A roadshow will be organised by Vinalines in collaboration with the Sai Gon Securities Incorporation on August 20 to introduce investment opportunities. According to a Vinalines representative, the shares to be offered are equivalent to 34.8 percent of the corporation’s total charter capital. They will be sold at the starting price of 10,000 VND. The time for application and deposit lasts from 8:00 on August 8 to 15:30 on August 28. Auction tickets should be submitted no later than 16:00 on August 31. In June, Vinalines announced it will put up 20 percent of its charter capital, equivalent to 280.9 million shares, for the IPO slated in August while … [Read more...] about Vinalines’s IPO to offer nearly 489 million shares
Vinalines fixes date for IPO on Sept 5
The Vietnam National Shipping Lines (Vinalines) has fixed the date for its initial public offering (IPO) on September 5. (Photo: shipspotting) Hanoi (VNA) – The Vietnam National Shipping Lines (Vinalines) has fixed the date for its initial public offering (IPO) on September 5. The corporation will hold the IPO at the Hanoi Stock Exchange (HNX), offering more than 488.8 million shares, or 34.8 percent of its charter capital, at the starting price of 10,000 VND per share, according to the firm’s representative. Vinalines is a State-owned enterprise under the management of the Ministry of Transport, engaging in shipping, port management and maritime and logistics services in Vietnam and internationally. In June, Vinalines announced it will put up 20 percent of its charter capital, equivalent to 280.9 million shares, for the IPO slated in August while another 14.8 percent or nearly 207.9 million shares will be sold to strategic investors. However, the Ministry of Transport … [Read more...] about Vinalines fixes date for IPO on Sept 5
Vietnam’s largest shipping firm to go public in September
Vietnam’s largest shipping firm and port operator has been given the go-ahead by the Prime Minister to hold its initial public offering (IPO) later this year. The equitization plan of State-owned Vinalines, or Vietnam National Shipping Lines, is a combination of divestment and share issuance. Nguyen Canh Tinh, acting general director of Vinalines, said the company will auction more than 280 million shares, equal to 20 percent of its total chartered capital of VND14.04 trillion ($616.6 million), on the Hanoi Stock Exchange in September. The shares will carry the code VLG. Around 207 million shares, or 14 percent of the capital after equitization, will be offered to strategic investors, and another 2 percent stake earmarked for employees and the trade union as preferred shares. The State will retain a 65 percent stake in the company, equal to nearly 913 million shares. Vinalines has been in talks with several investment funds, and some multinational companies and shipping firms … [Read more...] about Vietnam’s largest shipping firm to go public in September