Business

Binh Duong Water Environment JSC debuts on HCM City bourse

Binh Duong Water Environment JSC in the southern province of Binh Duong started trading with code BWE on the Ho Chi Minh Stock Exchange (HOSE) on July 20, the 421st company on the bourse.
Binh Duong Water Environment JSC debuts on HCM City bourse ảnh 1Binh Duong Water Environment Joint Stock Company's headquarter. (Photo: BWE)

Binh Duong (VNA) – Binh Duong Water Environment Joint Stock Company inthe southern province of Binh Duong started trading with code BWE on the Ho ChiMinh Stock Exchange (HOSE) on July 20, the 421st company on thebourse.

The HOSE decided to list the company’s shares at the reference price of 14,300VND (0.63 USD) per share, with a trading band of 20 percent for maiden listings.

At the end of July 20, BWE stock was sold at 17,150 VND (0.75 USD) per share,up 20 percent from the initial price.

Listing on the HOSE, the company is expected to improve its public reputation anddraw more investment.

Equitised in August, 2016, the company currently has charter capital of 1.5trillion VND (65.9 million USD).

BWE focuses on treating and supplying clean water for daily activities and industryin the province. By the end of the first quarter of this year, the company hadtotal assets exceeding 8.8 trillion VND (387 million USD), total revenue of 342billion VND (15 million USD) and profit after taxes of 53 billion VND (2.3million USD).

HOSE is the exchange that gathers the biggest companies in Vietnam with itsVN30 Index, which tracks the performance of the largest 30 firms by marketcapitalisation.-VNA

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#Binh Duong Water Environment Joint Stock Company #BWE #Binh Duong #Ho Chi Minh Stock Exchange #HOSE #bourse #listing #IPO #stock #shares
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