The Ho Chi Minh City Stock Exchange officially announced that Dong Nai Rubber Joint Stock Company Limited has canceled the auction procedure for the sale of shares of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBANK) registered at HOSE. The auction organizing committee of the Ho Chi Minh City Stock Exchange would like to announce the suspension of the auction procedure for transferring shares of HDBANK held by Dong Nai Rubber Joint Stock Company Limited at 9:00 a.m. on December 28, 2017 as proposed by Dong Nai Rubber Joint Stock Company Limited.
Investors participating in the above auction can go to auction agents to withdraw their deposits.
The information about the auction cancellation was announced immediately after the Ministry of Public Security's Investigation Police Agency prosecuted the former Chairman of the Board of Members of the Vietnam Rubber Group and 4 former leaders and officers of a number of subsidiaries of the group.
Previously, near the end of November 2017, Dong Nai Rubber Joint Stock Company planned to auction 1.36 million HDBank shares at a starting price of VND24,000/CP, estimated that Dong Nai Rubber could earn VND32.8 billion.
HDBank's stock price on the OTC exchange has now doubled compared to the beginning of the year. Currently, the price of HDB shares trading on the OTC market is around 31,726 VND/share. The reason for the increase is information that HDBank will list and sell 20% of its shares to foreign investors before listing.
HDBank has registered the stock code HDB. HDBank plans to list nearly 883 million shares, corresponding to a charter capital of about VND 8,829 billion.
