All 5.93 million shares offered by Ben Thanh Tourist, or 23.73 percent of its chartered capital, sold out at its IPO (initial public offering) on December 9, 2014. The four buyers included two institutional and two individual investors, who paid prices double the starting price.
The travel firm plans to sell another 23.73 percent of shares to strategic shareholders. Two institutional investors have offered to buy the shares, namely Phan Thanh Trade and Service Company and Vietcomreal, a property developer.
The first shareholders’ meeting of Vocarimex, a vegetable oil manufacturer, took place on November 29, with the presence of investors from Kinh Do Group, which successfully bought 24 percent of Vocarimex’s shares at the IPO held in July.
In case of Sasco, the Tan Son Nhat Airport Aviation Service Company, 23.6 percent of the company’s shares, have been sold to the three companies which all have relations to Jonathan Hanh Nguyen, who is believed to be the biggest branded goods distributor in Vietnam.
The equitization of Cienco 4, a transport works company, came up to its expectations with 16.1 million shares sold. It successfully attracted two strategic investors, including Tuan Loc Investment & Construction, which bought 16.5 percent, and SHB, a commercial bank, in March 2014.
