May's auction schedule set at HoSTC

The HCMC trading center said nearly VND40 billion worth of shares would be offered to outsiders via auctions by three companies this month.

The city-based Cotec Construction Joint Stock Company, or Coteccons will auction its 9.11% stake, or 54,200 shares at a face value of VND100,000 each, on May 14.
The opening price will be VND1.4 million each.

The auction will increase outside ownership to nearly 31.5% of the company’s VND59.5 billion chartered capital.

The Lam Dong Housing Development and Trading Company is set to sell some 2.3 million shares to outsiders on May 15 at the starting price of VND11,000 each.

The VND45 billion company in the Central Highlands Lam Dong Province runs businesses in real estate and industrial park development.

The Bao Loc Water Supply Sewerage and Construction Joint Stock Company will go public by selling 1.2 million shares at the starting price of VND10,100 each on May 22.

After equitization, the Lam Dong-based water supply plant will have a 44.5% stake held by outsiders, 40% by state and the remainder by staff.

Source: Thanh Nien