According to a report by “Vietnam News” on September 23, Vietnam Textile and Garment Group auctioned approximately 111 million shares in its initial public offering (IPO) on September 22, accounting for more than 90% of the shares planned to be sold on the market. The group sold shares to 87 investors on the Ho Chi Minh City Stock Exchange at an average price of 11,000 VND (approximately US$0.49) per share, and received 1.22 trillion VND (approximately US$58.1 million) in funds. The group’s registered capital is 5 trillion VND (approximately US$238 million). In addition to the IPO, it also sold 24% of its shares to two strategic investors, of which Vietnam Investment and Development Group purchased 14% and Vingroup Group purchased 10%. %.
