Cam Ranh airport service company to launch IPO on July 12

A corner of Cam Ranh International Airport (Photo: vietnamtourism.gov.vn)

Hanoi (VNA) - Cam Ranh International Airport Service Joint Stock Company (CIAS) will offer over 1.4 million shares as part of the company’s initial public offering (IPO) on July 12.

The shares will be auctioned on the Hanoi Stock Exchange (HNX) at the starting price of 30,000 VND (1.3 USD) each.

Formerly known as Cam Ranh Aviation Trading Joint Stock Company, CIAS was established in 2009 with chartered capital of 10 billion VND. In 2016, CIAS increased its chartered capital to 60 billion VND.

The company provides services for travelers at the Cam Ranh International Airport in the central coastal province of Khanh Hoa, such as restaurants, catering services, business class lounges and souvenir shops.

This year, CIAS has set a target of 371.3 billion VND in revenue, 35.5 billion VND in post-tax profit and 35 percent dividend payment. In the first quarter of 2017, CIAS earned 101.9 billion VND in revenue and 12 billion VND in post-tax profit.-VNA

VNA