Vietnamese property developer Vincom plans to raise $25 million via a maiden auction in June of 5 million shares, or 8.3 percent of the company, state media reported on Monday.
The shares, which carry a face value of 10,000 dong each, will be auctioned on June 6 at a starting price of 80,000 dong ($5), the Lao Dong newspaper reported.
The starting price suggests the company, which owns a large office and shopping complex in Hanoi and a five-star resort in the central city of Nha Trang, would be valued at around $300 million.
Source: Reuters
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