Nearly 1 billion additional shares listed on UPCoM
Hanoi (VNS/VNA) - The Unlisted Public Company Market (UPCoM) welcomed the listing of nearly 1 billion shares of four companies on October 5.
The share value registered for trading is equal to 11.8 trillion
VND (518 million USD).
This was the highest number of shares registered for listing on
UPCoM in a single day so far, according to stock market news website tinnhanhchungkhoan.vn.
Of the four companies, Lien Viet Post Joint Stock Commercial Bank
(LienVietPostBank) had the largest number of registered shares with 646 million
to be listed.
The shares were traded at the reference price of 14,800 VND per
share under the code LPB.
In July, LienVietPostBank was given approval by the State Bank of Vietnam
to raise capital to 7.5 trillion vND through the issuance of shares.
The bank has decided to limit the maximum ownership of foreign
investors at 5 percent of charter capital.
By July 17, the bank’s largest shareholder was the Vietnam Post
Corporation, holding 12.54 percent of the company’s charter capital.
In 2016, the post-tax profit of LienVietPostBank reached 1
trillion VND, up 103 percent year-on-year. In the first six months of 2017, its
post-tax profit totalled 706.5 billion VND.
Another company also listed on the UPCOM on the same day was Hua
Na Hydropower JSC, the owner of the Hua Na Hydroelectric Power Plant in the
central province of Nghe An.
With a total investment of 7.1 trillion VND, the plant has a
design capacity of 180MW and an average annual power output of 716.7 million
Kwh.
The Hua Na Hydropower JSC has registered to list 225.6
million shares on the UPCoM with the code HNA. Reference price on the first
trading day was 10,000 VND per share.
The company was licensed for operation by the Department of
Planning and Investment of Nghe An province in May 2007. It was established by
the Vietnam Machinery Installation Corporation (LILAMA) and the Vietnam Oil and
Gas Group (PVN) with initial chartered capital of 1.2 trillion VND. In May
2015, the company increased its chartered capital to more than 2.2 trillion VND.
Since July 25 this year, the Hua Na Hydropower JSC’s two largest
shareholders, who hold 89.25 percent of charter capital, were PetroVietnam
Power Corporation and North Asia Commercial Joint Stock Bank. The co-founder
LILAMA owned more than 8.72 million shares, equal to 3.8 percent of charter
capital.
In the first six months of 2017, the company gained 207.5 billion
VND in revenue, up slightly compared to 2016’s figure of 202 billion VND.
During the period, the company recorded a loss of more than 87 billion VND,
bringing total accumulated losses to more than 178 billion VND.
Also on October 5, nearly 33 million THN shares of Thanh Hoa Water
Supply JSC were also listed on UPCoM at the reference price of 10,000 VND per
share.
In the first half of 2017, the company earned nearly 136 billion
VND in revenue and nearly 6.3 billion VND in post-tax profit.
The fourth company having shares listed on UPCoM was Hiep Phuoc
Industrial Park Joint Stock Company, with 60 million shares under the code HPI
and being traded at the reference price of 16,000 VND per share.
HPI is known as the sixth biggest industrial park operator in Vietnam
after Becamex, VRG, IDICO, Sonadezi and VID Group.
In the first half of 2017, HPI earned a profit of 38.1 billion VND,
up nearly six times compared to the same period last year.
HPI’s existing shareholders include Tan Thuan Industrial Promotion
Company Limited and Tuan Loc Investment Construction JSC, who respectively hold
40.54 percent and 33.33 percent of the company’s charter capital.-VNA