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State capital at four firms to be auctioned in March

About 7.42 million shares of four companies invested with State capital will be auctioned at the Hanoi Stock Exchange (HNX) this March.
State capital at four firms to be auctioned in March ảnh 1Participants at an auction of State-owned shares held by the HNX (Photo: VNA)

Hanoi (VNA) – About 7.42 million shares of fourcompanies invested with State capital will be auctioned at the Hanoi StockExchange (HNX) this March.

The HNX said these firms consist of LILAMA 69-1JSC, LILAMA 18 JSC, Bao Viet Hotel & Tourism JSC, and CentralPharmaceutical JSC No. 3 (FORIPHARM).

In February, five auctions were held at the HNXto divest State capital from Ninh Binh Water Supply and Sewerage JSC, Ha TinhEnvironment and Urban Works JSC, Cua Lo Water Supply JSC, LILAMA 10 JSC, andLILAMA 69-3 JSC.

More than 25.6 million shares were offered forsale last month, and over 20.8 million shares or 81 percent of them wereauctioned successfully. Over 490 billion VND (21.1 million USD) was collectedfrom those auctions.

Since this year’s beginning, the HNX hasorganised six auctions of the State’s shares at businesses, offering about 26.3million shares. More than 21.4 million shares, equivalent to 81.5 percent,worth over 497.6 billion VND were sold successfully, according to the exchange.-VNA
VNA

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