Business

EVN successfully sells nearly 87 percent of its stake in EVF

SGGP
Recently, the Vietnam Electricity (EVN) has successfully sold 16.25 million shares out of a total of 18.75 million shares of EVN Finance (EVF), or 7.5 percent stake, that it put up for auction to two individual investors.

With a starting price of VND13,480 per share, two individual investors bought 86.6 percent of total offered amount of shares at a price equal to the starting price. Total value collected from the share sale was more than VND219 billion. 

Earlier, shares of EVF were traded at above VND8,000 per share.

By Ha My - Translated by Thuy Doan

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EVN EVF share auction divestment Vietnam's stock market individual investors

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