Hai Duong Water to launch IPO at Ha Noi Stock Exchange

Hai Duong Clean Water Trading One member Company will offer more than 2 million shares at its initial public offering (IPO) at the Ha Noi Stock Exchange on January 29.

The starting price of the IPO would be VND10,300 (46 cents).

The number of shares was equivalent to 6.52 per cent of the charter capital which will be VND319 billion ($14.22 million) after equitisation. Meanwhile, the State still holds 20.7 million shares or 65 per cent of the stake, of which 5.4 million shares will be distributed to strategic investors and 3.6 million shares will be sold to employees.

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