This is also the first equity deal of a Vietnamese enterprise being honored in this category.
The transaction was made in the second day of listed Vincom Retail (VRE) with a total of 415 million shares traded at VND40,600 (US$1,8). The whole transaction was through an agreement in which foreign investors bought 396.6 million shares.
The buyers include Avanda Investment Management Pte, Dragon Capital, Genesis Investment Management LLP, GIC Pte, HSBC Asset Management, Karst Peak, RWC Asset Advisors, Templeton Investments and TT International. The two foreign shareholders Warburg Pincus and Credit Suisse sold 260 million shares.
Previously, this transaction attracted more than US$2 billion of buy orders from investors, which is three times as high as the volume offered and this amount is the highest bid volume in the history of Vietnam stock market.
After nearly one month of being listed, VRE shares has risen by more than 20 per cent, making Vincom Retail one of the largest listed companies in the market. Vincom Retail is also the first professional enterprise on management and operation that has shares listed on the stock exchange.
Vincom shares were traded to close at VND49,000 (US$2,17) on December 1, down slightly from the day before.
Vincom Retail currently manages, operates and leases 44 trade centers in 22 provinces and cities of Vietnam with with a gross retail floor area of nearly 1.2 million square meters. Particularly in Hanoi and Ho Chi Minh City, this company accounts for 60 per cent of total retail space.