People flock to buy electricity stocks
People flock to buy electricity stocks
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The stocks of the Electricite du Laos Co. Plc. have interested local people and foreigners. This is indicated by a long queue of people waiting to buy the stocks of the company.
As for the number of stock selling, the authorities concerned are not yet ready for comments due to analysis requirements.
Mr Hinphet Chanthalangsy, Deputy Director of the Banque pour le Commerce Exterieur du Laos – Krungthai Securities Company told local media that the sales of stocks of the Electricite du Laos Co. Plc. was extended till last Monday’s afternoon after the opening of the sales of the stocks on 16 December because of a large crowd.
The Electricite du Laos Co. Plc. has allocated for sale some 271 million of shares, accounting for 30 per cent of the total shares. Of these, 60 per cent is allocated for domestic buyers and the rest for foreign buyers.
The price per share is 4,300 kip for people and 4,000 kip for civil servants (at the cost price).
From the first day of sales till 26 December, 31 million shares – accounting for 26 per cent of the total stocks, were sold to civil servants and individuals.
Lao News Agency
