Vietnam: State-owned Lilama IPO fails to attract investors; less than 1% shares subscribed

Vietnam: State-owned Lilama IPO fails to attract investors; less than 1% shares subscribed

Visual from a Lilama subsidiary company's website.

General investors bought only 0.71 per cent equity of Vietnam’s leading EPC contractor Lilama Corporation during its initial public offering (IPO) on November 26, while the state-owned firm offered 23.7 per cent.

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