Seven investors registered to buy all Vinasugar II shares at auctionThe Ministry of Agriculture and Rural Development (MARD) estimates to earn VND664 billion ($29.25 million) after the auction of Vietnam Sugarcane and Sugar Corporation II JSC (Vinasugar II). The Ho Chi Minh City Stock Exchange (HoSE) has just published the list of investors and the registered shares to be bought at MARD's divestment of the State's holdings in Vinasugar II. There are seven investors taking part in the auction with total registered shares of over 63,7 million, 16,000 shares higher than the share volume put on offer. Vinasugar II offers to auction over 63.69 million shares, equalling 93 per cent of its charter capital on February 13 at the initial price of VND10.420 per share. The revenue of Vinasugar II hit VND448.7 billion ($20 million) in 2016, with an after-tax profit of VND29.9 billion ($1.32 million).

Source: VietNamNet News February 12, 2018 09:11 UTC