Vietnam's Song Da to offer 219 million shares in IPO on Dec 25

Vietnam's Song Da to offer 219 million shares in IPO on Dec 25

Lai Chau Hydropower Plant, a project developed by Song Da Corporation. Photo from the company's website.

Vietnam’s state-owned Song Da Corporation plans to offer 219 million shares, equivalent to 48.82 per cent of its charter capital, in its initial public offering (IPO) on December 25.

It aims to raise at least VND2.4 trillion as the IPO shares will be auctioned at a starting price of VND11,000 each, according to local media reports.

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