On March 10, a group of stocks from businesses in Binh Duong, notably Becamex, saw significant increases. Specifically, BCM shares from Becamex IDC rose 6.9% to hit the ceiling price of 80,200 VND/share, with nearly 2.4 million shares transacted. TDC and IJC shares also surged to their ceiling limits. Other stocks like UDJ and BCE recorded substantial gains as well. Becamex IDC has played a crucial role in the province’s economic development, evolving from a district-level company into a major real estate developer over the past 50 years. On April 28, 2025, Becamex plans to auction 300 million BCM shares starting at 69,600 VND/share, potentially generating 20.88 trillion VND for the market. The company currently has significant control from Binh Duong’s People’s Committee, which may see its stake drop to 74% after the auction.
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