The rest of EVN Construction Company No1 shares left over from the first auction would be for bid again at 8.30 July 6 at the Hanoi Securities Trading Centre, announced Electricity Vietnam (EVN)’s equitization and securities board.

Therein, 1,447,207 shares in the company will be auctioned at an initial price of 11,000 VNE each through two stock agents: Sai Gon Securities Joint Stock Company and Vietnam Securities Joint Stock Company.

Mr Dang Phan Truong, the head of the equitisation and securities board, said that, if shares should not be sold out in the second bid, EVN will readjust its capital ratios by raising the state ownership to more than 51%, without holding more auction.

Source: HNM

Translated by Hoang Anh