Vinacco sells 1.47 million shares in IPO

The Rural Agriculture Development and Construction Corporation (Vinacco) sold 1.47 million shares, or more than 55 per cent of the total, in its initial public offering (IPO) on October 14.

After the auction, four domestic individual investors bought the shares for VND14.7 billion ($700,000).

According the organiser of the auction, the period of payment is from October 15 to October 24.

Vinacco's main areas of business include different types of construction, labour supply and management, and vocational education, as well as the real estate in Viet Nam and Laos.

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