Company X is a state-owned enterprise, operating in the banking sector. In December 20X7, this company...

 

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Company X is a state-owned enterprise, operating in the banking sector. In December 20X7, this company announced to take its stocks public for the first time. Rather than setting the price itself in the traditional way, company X lets the market determine price of stocks by auctioning off the company. After being permitted by the State Securities Commission, company X disclosed the prospectus including all information about business situation and the issuance plan. - Charter capital: 4,356,737 million dong - After tax profit in 20X6: 2,877,021 million dong, 20X5: 1,292,553 million dong, 20X4: 1,103,813 million dong. No accumulated losses. The number of auctioned shares: 97.5 million common shares . + The minimum bidding volume: 100 shares + The maximum bidding volume: 4,000,000 shares for institutional investors and 500,000 shares for individuals. Opening price: 100,000 dong Key dates: + Registration date: From 7 December to 18 December 20X7 + Submitting bidding forms: 24 December 20X7 + Auction Date: 26 December 20X7 Auction organization: Ho Chi Minh stock exchange Auction dealers: 62 securities companies (including: Bao Viet securities joint stock company, Vietcombank securities, Vndirect securities corporation,...) 1. Mike analyses company X's situation and the X's stock auction based on public information, and decides to attend this auction. What does Mike have to do to attend this auction? 2. On 17 December 20X7, after researching X stock demand, Mike decides to bid 10,000 X shares at 120,000 dong per share. How much does he have to deposit? 3. On 26 December 20X7, Ho Chi Minh stock exchange collects bidding forms from 62 securities companies in order to determine the auction result, as follows: Bidders A B C D E F G Bidding price (1000 VND/share) 100 102 106 108 120 130 180 250 Bidding volume (1000 shares) 21,348 26,100 34,830 33,800 600 1,000 1,500 100 H 3.1. What is the auction result? 3.2. How much is the final payment that investor H has to make? What would happen if investor H could not pay the remaining? Company X is a state-owned enterprise, operating in the banking sector. In December 20X7, this company announced to take its stocks public for the first time. Rather than setting the price itself in the traditional way, company X lets the market determine price of stocks by auctioning off the company. After being permitted by the State Securities Commission, company X disclosed the prospectus including all information about business situation and the issuance plan. - Charter capital: 4,356,737 million dong - After tax profit in 20X6: 2,877,021 million dong, 20X5: 1,292,553 million dong, 20X4: 1,103,813 million dong. No accumulated losses. The number of auctioned shares: 97.5 million common shares . + The minimum bidding volume: 100 shares + The maximum bidding volume: 4,000,000 shares for institutional investors and 500,000 shares for individuals. Opening price: 100,000 dong Key dates: + Registration date: From 7 December to 18 December 20X7 + Submitting bidding forms: 24 December 20X7 + Auction Date: 26 December 20X7 Auction organization: Ho Chi Minh stock exchange Auction dealers: 62 securities companies (including: Bao Viet securities joint stock company, Vietcombank securities, Vndirect securities corporation,...) 1. Mike analyses company X's situation and the X's stock auction based on public information, and decides to attend this auction. What does Mike have to do to attend this auction? 2. On 17 December 20X7, after researching X stock demand, Mike decides to bid 10,000 X shares at 120,000 dong per share. How much does he have to deposit? 3. On 26 December 20X7, Ho Chi Minh stock exchange collects bidding forms from 62 securities companies in order to determine the auction result, as follows: Bidders A B C D E F G Bidding price (1000 VND/share) 100 102 106 108 120 130 180 250 Bidding volume (1000 shares) 21,348 26,100 34,830 33,800 600 1,000 1,500 100 H 3.1. What is the auction result? 3.2. How much is the final payment that investor H has to make? What would happen if investor H could not pay the remaining?

Answer rating: 100% (QA)

Lets address each of your questions 1 What does Mike have to do to attend this auction To attend Company Xs stock auction Mike should follow these steps a Registration From December 7 20X7 to December ... View the full answer