North Kinh Do shares start off well on exchange

Shares of North Kinh Do Food Joint-Stock Co. got off to a good start yesterday, with investors offering high prices for NKD, which became the !th stock to trade on the "C#C e$change. One investor placed an order to buy 1,000 NKD shares for a staggering VND202,000 per share, the day's highest offer that may indicate some fishy intention !ut in the end the stoc" #as matched at VND2$,000, still above its face value of VND10,000 %The investor &#ho offered the highest price' knows that he won't have to buy the stock for this price,% an analyst at Dong ( )ecurities *o said %But we don't understand why he's offered such a high price. Anyway we think NKD is a good stock.% On the unofficial mar"et, shares of North Kinh Do, an offshoot of Kinh Do *orp , earlier changed hands for some VND2+,,00 Kinh Do chairman and *-O .ran Kim .hanh said they had e/pected the shares #ould trade for VND20,000 %Bears may return if a stock is supercharged at its debut on the bourse,% .hanh said % owever, we think !ND"#,$$$ is sti%% reasonab%e.% 0hen the mar"et closed, 11,200 NKD shares had been traded 2oreign investors bought 2,000 of them

Kinh Do chairman and CEO Tran Kim Thanh follow NKD price moves at the HCMC Securities Trading Center

.he public holds a 134 sta"e in North Kinh Do, #hich has a registered capital of VND,0 billion &5)61 2 million' .he ba"ery e/pects the listing #ill help it raise more capital for e/pansion %&e p%an to issue additiona% shares on the bourse by mid'"$$(,% .hanh said 7e declined to give further details Kinh Do plans to list its )outh Kinh Do on the e/change once North Kinh Do has released more shares, .hanh said Kinh Do's southern arm no# has a chartered capital of more than VND200 billion &!y Saigon%imes Dai&y - No. ''( - %h)rsday, December *+, ,,-'