{"id":2081,"date":"2014-06-23T12:35:00","date_gmt":"2014-06-23T11:35:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/greenport-congress\/2014\/06\/23\/vietnamese-port-ipos-a-failure\/"},"modified":"2014-06-23T12:35:00","modified_gmt":"2014-06-23T11:35:00","slug":"vietnamese-port-ipos-a-failure","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/greenport-congress\/news\/asia\/vietnamese-port-ipos-a-failure\/","title":{"rendered":"Vietnamese port IPOs a failure"},"content":{"rendered":"<p>In the most recent, Da Nang Port only managed to place 19.6% of the 8.3m shares put up for auction. These were acquired by 80 investors, paying an average price of $0.54 per share, in an IPO that raised $885,000.<\/p>\n<p>It was a similar story in May, when IPOs launched by the ports of Hai Phong, Nha Trang and Quang Ninh resulted in just a 35% uptake, leaving around $16.9m of unsold shares.<\/p>\n<p>Bui Quang Dao, the director of Quang Ninh Port, said interest in port shares is limited and the situation has not been helped by port IPOs being issued too close together and too quickly.<\/p>\n<p>Few overseas investors or strategic partners have come forward; the retention by the state of a 75% stake in each port was viewed as off-putting to investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ports in Vietnam have been struggling to find buyers for shares released as part of several recent IPOs.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32],"tags":[],"sponsor":[],"class_list":["post-2081","post","type-post","status-publish","format-standard","hentry","category-asia"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts\/2081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/comments?post=2081"}],"version-history":[{"count":0,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts\/2081\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/media?parent=2081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/categories?post=2081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/tags?post=2081"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/sponsor?post=2081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}