SCIC sells out stakes at civil engineering construction firm
The State Capital Investment Corporation (SCIC) has sold out its 17.56 million shares at the Civil Engineering Construction Corporation No. 5 (CIENCO 5), gaining over 342 billion VND (14.5 million USD).
The SCIC has gained over 342 billion VND from selling out its 17.56 million shares at CIENCO 5 (Photo: VNA)
Hanoi (VNA) – The State Capital InvestmentCorporation (SCIC) has sold out its17.56 million shares at the Civil Engineering Construction Corporation No. 5(CIENCO 5), gaining over 342 billion VND (14.5 million USD).
The shares, equivalent to 40 percent of CIENCO5’s charter capital, were auctioned at the starting price of 19,300 VND each atthe Hanoi Stock Exchange (HNX).
All were sold to an organisation investor at19,500 VND per share on average.
CIENCO 5, a State-owned firm in the transportsector, builds transport, irrigation and hydropower facilities; invests inurban and industrial areas; and gives consulting and designing servicesregarding transport, civil and industrial facilities./.
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The SCIC has gained over 342 billion VND from selling out its 17.56 million shares at CIENCO 5 (Photo: VNA) 
