Textile firm enjoys successful IPO

Minh Khai Textile successfully sold 1.6 million shares, or a 51.5 per cent stake, during its initial public offering (IPO) yesterday at the average price of VND71,990 (US$3.4).

Remarkably, the starting price was only VND10,100 ($0.47).

The auction attracted 30 investors, whose registration volume later climbed to 26.8 million shares. The buyers were three individual investors, who paid VND118.7 billion ($5.57 million) for the shares.

Minh Khai Textile's charter capital after the IPO is VND32 billion ($1.5 million).

bizhub

>   VietJet eyes $800mn in 2015 overseas IPO: media (21/01/2015)

>   Vietjet Air poised to hold IPO (19/01/2015)

>   Vinalines to launch IPOs in Q1 (16/01/2015)

>   How many MobiFone shares can investors own? (15/01/2015)

>   Microbiological and Chemical Industry JSC: Notice of Auction (14/01/2015)

>   Vietnam National Seaproducts Corporation Limited - One Member Co.,Ltd : Notice of Auction Result (13/01/2015)

>   Seaprodex Co., Ltd: Information on Auction Registration of Remaining Shares (12/01/2015)

>   Tra Bac: Notice of Cancellation of Auction (07/01/2015)

>   BinhDinh Water Supply and Drainage one Member State-Owned Limited Company: Notice of Auction Result (05/01/2015)

>   CanTho Port Limited Company : Notice of Auction Result (05/01/2015)