Sixteen Firms Prepare Public Stock Offerings
Sixteen companies that have received approval to trade shares on the exchanges are making final preparations to list by the end of this year after a long time waiting for stock market's recovery.
Hoang Anh Gia Lai Joint Stock Company plans to offer 120 million shares on the exchange in Oct. Sonadezi Long Thanh and Vinaship are also preparing stock offerings in the near future.
Many companies expected offerings will help increase their shares' liquidity more successfully than the free market.
A flow of newcomers into the bourse will be a healthy signal because they will attract more investment capital from shareholders and potential investors, said Doan Duc Vinh, chief executive of Au Viet Joint Stock Company.
State Securities Investment (SSC) announced the local stock market helped listed firms raise VND14.1 trillion (US$855.1 million) as the end of July. (Youth)
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