Sai Gon Port Joint Stock Company’s auction of millions of shares was officially cancelled due to a complete lack of investor participation

Sai Gon Port Joint Stock Company faced a setback as the auction of over 19.6 million shares owned by VietinBank was officially cancelled due to a complete lack of investor participation. The divestment deal, valued at approximately VND 573 billion, failed to receive a single registration because the starting price was deemed unattractive compared to market valuations. This failure highlights the market's indifference toward the offering, overshadowing the company's reported profit growth.

Sai Gon Port Joint Stock Company faced a setback as the auction of over 19.6 million shares owned by VietinBank was officially cancelled due to a complete lack of investor participation. The divestment deal, valued at approximately VND 573 billion, failed to receive a single registration because the starting price was deemed unattractive compared to market valuations. This failure highlights the market's indifference toward the offering, overshadowing the company's reported profit growth.

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