The Hanoi Stock Exchange has announced the registration results for the purchase of Colusa – Miliket’s shares in lots during the divestment by the Vietnam National Tobacco Corporation (Vinataba).
CMN is the company behind the iconic “two shrimp” Miliket instant noodle brand – Illustrative image
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According to the announcement, the offered share lot consists of 960,000 CMN shares, representing 20% of the company’s charter capital. By the registration deadline, 4 domestic organizations participated, with a total registered volume of 3.84 million shares, four times the offered amount.
The deadline for submitting bidding tickets is 4 PM on December 16, while the official auction is scheduled for 10:30 AM on December 18.
News of multiple organizations competing for Vinataba‘s divested shares comes as CMN‘s stock price continues to surge. On December 15, the stock hit its ceiling price of VND 81,700 per share, nearing its historical peak of VND 83,000 set on November 26.
Following the auction announcement, CMN experienced a sharp rally with three consecutive ceiling sessions starting November 20, followed by two more gains. During this period, the stock price soared by 57%.
| Price movement of CMN stock from 2025 to present |
Liquidity has also significantly improved after a prolonged freeze. Since the auction announcement, average trading volume reached over 19,500 shares per session, nearly 11 times the previous year’s average.
Despite approaching its historical peak, the current price remains substantially lower than Vinataba‘s starting price of VND 119,500 per share, valuing the entire lot at a minimum of VND 115 billion.
Compared to the December 15 ceiling price of VND 81,700, investors purchasing the entire lot at the starting price would face a 32% negative spread.
Amidst price volatility, CMN‘s shareholder structure has shifted. VI NA Investment JSC, an unrelated entity, sold 6,600 CMN shares on December 8, reducing its stake from 5.02% to 4.89% (234,500 shares) and losing major shareholder status.
Notably, this organization became a major shareholder on November 20 after acquiring 197,500 shares to reach 5.64%. In less than three weeks, VI NA net sold approximately 27,000 shares (0.75% of charter capital), potentially generating nearly VND 1.9 billion based on recent trading prices.
– 4:56 PM, December 15, 2025
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