The initial public offering of Vietnam Rubber Group (VRG), scheduled on February 2, is likely to miss its target due to lack of investor interest. Meanwhile, Da Nang’s tourism market is set to get a fillip with Japan’s Mikazuki’s mega plans to invest in the region.
Vietnam Rubber Group may miss IPO target
Nearly 500 investors have registered to buy over 100 million shares, accounting for only 21 per cent of the stock on offer that Vietnam Rubber Group proposes to sell at its IPO on February 2, according to the latest announcement from the Ho Chi Minh City Stock Exchange.
