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On July 15^th, the Ho Chi Minh City Stock Exchange Department held more than 9.7 million shares of Foodcosa for the first time with a starting price of VND 12,000 per share.

As a result, the highest price was VND 13,000; the lowest price was 12,000 dong. In particular, there were 5 personal investors and 1 organizational investor won the lottery. The total value of the winning price was VND 116.5 billion

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After equitization, the company’s chartered capital is VND 294.5 billion. The state will hold 65% of the capital, equivalent to 19,142,500 shares. The number of shares auctioned to domestic investors is 9,711,900 shares, equivalent to 32.978%. The remaining 595,600 shares are sold to employees in the enterprise, equivalent to 2.022%.

Ho Chi Minh City Food Company Limited established in 1980, operating in the field of food business, food and technology products; producing cake from flour; trading in materials, equipment, fertilizers, pesticides, consumer goods; trading aromatics, spices and some other business under the business license. Currently, the company has 7 food factories, 3 FoodcoMart branches, 5 food companies and 3 petrol trading shops.

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