Vietnam Airlines fixes shareholders list before UPCom listing hinh anh 1An airplane of Vietnam Airline (Photo:

Hanoi (VNA) – The national flag carrier Vietnam Airlines has asked its shareholders to register their ownership by the end of this month to serve its trading registration on the Unlisted Public Company Market (UPCoM), which is expected in December.

The airline will finalise the list of shareholders on November 30, and it will cease to receive dossiers for transfer of securities ownership a day earlier, Vietnam Securities Depository (VSD) announced.

The state-owned airline will list nearly 1.23 billion shares with the face value of 10,000 VND per share, equivalent to charter capital of 12.3 trillion VND (549 million USD), on the UPCoM under the stock code of HVN.

The specific date of debut has been unclear but the company expects it in December, it said in a recent filing to VSD.

Vietnam Airlines made its public offering (IPO) in late November 2014 which raised 51 million USD via a sale of 3.47 percent of its capital.

In July this year, the State sold nearly 8.8-percent equity to Japan’s ANA Holdings for 109 million USD, equivalent to nearly 22,600 VND per share.

Under its restructuring plan, the aviation company is looking to cut the State stake from the current 86.16 percent to 75 percent and eventually 65 percent.

It reported consolidated revenues of over 36 trillion VND (1.6 billion USD) and pre-tax profit of 1.6 trillion VND in the first half of this year, completing nearly 70 percent of the target set for the whole year.

Vietnam Airlines is now among the world’s leading four- to five-star carriers and been recognized as one of the world’s top three most improved airlines last year by UK-based airline review organisation Skytrax.

Shares of Vietnam Airlines are being traded on the Over The Counter (OTC) market for around 28,000 VND per share in recent days. At this rate, the airline’s market value reaches 34.37 trillion VND (1.53 billion USD).

A number of big corporations have recently buoyed the market by listing shares on the UPCoM, including Airports Corporation of Vietnam (ACV) with over 2 billion shares debuted on the UPCoM yesterday, being the biggest listed stock here for market value of 76.2 trillion VND (3.4 billion USD) at the November 21 price of 35,000 VND per share.

UPCoM, which went live in June 2010, is a market for unlisted or delisted public companies under the management of the Hanoi Stock Exchange. It now has over 360 stocks with a total market capitalisation of around 170 trillion VND (7.6 billion USD)./.