State capital withdrawal from Vinaconex brings VND9.37 trillion

State Capital Investment Corporation (SCIC) and Military-run telecommunications company Viettel successfully sold over VND348.91 million shares from Vietnam Construction and Import-Export Joint Stock Corporation (VINACONEX) at the auction session on November 22.

Specifically, SICC sold 254.9 million shares at the starting price of VND21,300 a share. An organization investor purchased all at the price of VND28,900 a share. Total value of the sold shares is VND7.37 trillion.
Meantime, Viettel sold over 94 million shares to two organizations, getting more than VND2 trillion.
With the successful auction, SCIC and Viettel has earned over VND9.37 trillion (US$402 million).

By NGOC QUANG – Translated by Hai Mien

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