Ha Noi (VNA) – Investors have so far ordered 25 percent higher than the total volume of shares offered by the Bank for Foreign Trade (Vietcombank) at its initial public offering on December 26, according to the Ho Chi Minh City Stock Exchange (HoSE).
According to the closed list of 9,473 investors registered to take part at the IPO, a total of 122 million Vietcombank shares have been ordered as compared to only 97.5 million shares offered.
Domestic investors, totalling 9,221, registered to buy 81.5 million shares while 252 foreign investors, close to 40.7 million shares, or over 40 percent of the offered volume.
Vietcombank has announced its expected post-tax profit of 1.85 trillion VND (115.9 million USD) in 2007. The bank’s capital of its own reached 11.127 trillion VND (695.4 million USD) by the end of 2006, and its self-acquired capital in 2007 reached 12.98 trillion VND (811.3 million USD).
Vietcombank’s IPO on December 26 attracts investors both domestic and foreign as it is the first State-owned bank in Viet Nam to be equitised and auctioned its shares to the public.
At the IPO, Vietcombank offers 97.6 million shares, or 6.5 percent of its charter capital, at an initial price of 100,000 VND per share.-Enditem
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