Business

HNX approves listing of IDICO

The Hanoi Stock Exchange (HNX) has approved the listing of 192 million shares by the Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO) on the HNX, under the code IDC.
HNX approves listing of IDICO ảnh 1The entrance to IDICO at Nhon Trach I Industrial Zone in the southern province of Dong Nai (Photo: cafef.vn)

Hanoi (VNA) - The Hanoi Stock Exchange (HNX) has approved thelisting of 192 million shares by the Vietnam Urban and Industrial ZoneDevelopment Investment Corporation (IDICO) on the HNX, under the code IDC.

The first trading day was on December 10, and the reference price was set at 18,500VND (0.8 USD).

IDC has charter capital of 3 trillion VND, equivalent to 300 million shares.

After being equitised in October 2017, IDC offered 135 million shares to twostrategic investors, real estate developers SSG Group and Bitexco, with 67.5million shares each.

Some of the shares were offered to the company’s employees. The remaining 108million shares are still owned by the State, specifically the Ministry ofConstruction.

In the first nine months of this year, IDC’s net revenue reached 3.55 trillionVND, up 26.3 percent year-on-year. Post-tax profit totalled 424 billion VND, anincrease of 21.6 percent compared to 2018./.
VNA
#Hanoi Stock Exchange (HNX) #shares #Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO) #HNX #code IDC #Vietnamplus #Vietnam News Agency
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