Vietnamese textile exporter raises nearly US$6.9m in IPO


State-controlled Gia Dinh Textile and Garment sold more than 15m shares, equivalent to a 24.28% stake, for more than VND155.8bn (US$6.89m) in an initial public offering (IPO).

No foreign investors bid in the offering, which was oversubscribed by nearly three times at the Ho Chi Minh City Stock Exchange on 18 March.

For the full story, see the April 2016 edition of Textiles South East Asia. Not a subscriber? Sign up HERE