That the number of registered shares of An Phat Holdings is much higher than the selling volume has attracted a great deal of attention from investors. The Ho Chi Minh City Stock Exchange (HOSE) has just released information about the auction registration of An Phat Holdings’ shares to the public. Accordingly, 110 investors are expected to participate, including 104 domestic individuals, 1 foreign individual and 5 other domestic investors.
The total number of registered shares is more than 20.7 million, 4.8 times as many as the selling volume. Domestic individuals, domestic organizations, foreign individuals registered to buy 10.56 million, 9.5 million and 696,000 shares, respectively.
Under the plan, An Phat Holdings will auction 20 million shares in three phases, with a minimum price of VND 25,000. The raised amount is equivalent to the valuation of An Phat Holdings that can reach over VND 4,060 billion.
The total raised capital from this IPO together with VND 800 billion raised from the bonds will be used by the company to invest in the project of a compostable material manufacturing plant called AnBio, with a capacity of 20,000 tons / year, with an investment of nearly VND 1,500 billion.