Rubber group to move listing to HoSE
The Vietnam Rubber Group JSC (GVR) will move four billion of its shares listing on the Unlisted Public Company Market (UPCoM) to the Ho Chi Minh Stock Exchange (HoSE).
A worker of the Vietnam Rubber Group JSC (GVR) harvests rubber latex (Photo: cafef.vn)Hanoi (VNS/VNA) - The Vietnam Rubber Group JSC (GVR) will move four billion of its shares listing on the Unlisted Public Company Market (UPCoM) to the Ho Chi Minh Stock Exchange (HoSE).
The last trading session of GVR on UPCoM is March 6, 2020.
The company offered 475.1 million shares in an initial public offering (IPO) a year ago. As a result, only 499 investors registered to buy nearly 101 million shares, accounting for more than one fifth of the offered shares.
The average successful auction price was 13,011 VND (0.56 USD) per share. GVR collected 1.3 trillion VND through the IPO.
The group soon after that registered to list more than 99 million shares on the UPCOM. The number of shares registered for trading only accounts for a small part of the total number of the company’s shares.
More than a year later, in early July 2019, the Hanoi Stock Exchange approved the register of trading for another 3.9 billion GVR shares on the UPCoM, bringing the total number of shares trading on the stock market to four billion.
As of December 20, 2019, GVR has only one major shareholder, which is the Committee for Management of State Capital at Enterprises, which holds 96.77 percent of the charter capital.
On the stock market, the price of GVR shares are traded at 12,600 VND per share, an increase of more than 25 percent since the beginning of the year.
The company's revenue in 2019 reached 20 trillion VND, meeting only 83 percent of the yearly plan. Post-tax profit reached 3.99 trillion VND, fulfilling 96 percent of the year's profit target assigned by the General Meeting of Shareholders./.
You should also see
HCM City moves towards Net Zero
Ho Chi Minh City is building a project to restructure its industry towards sustainable development in the 2025-2030 period, with a vision to 2050, prioritising the use of high technology and reducing emissions towards net zero emissions by 2050.
See more
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
