VinGroup’s shopping mall operator lists shares on HOSE
Vincom Retail (VRE), the shopping mall operator of the real estate giant VinGroup, started trading 1.9 million shares on the HCM Stock Exchange on November 6.
Vincom Retail, a retail arm of VinGroup, has listed 1.9 million shares on the HCM Stock Exchange. (Photo: viettimes.vn) Hanoi (VNA) - Vincom Retail (VRE), the shopping mall operator of the real estate giant VinGroup, started trading 1.9 million shares, equivalent to total charter capital of 19 trillion VND (837 million USD), on the Ho Chi Minh Stock Exchange (HOSE) on November 6.
VRE shares closed the first trading session at 40,550 VND (1.79 USD) per share, 20 percent higher than its debut price of 33,800 VND.
At that price, the company’s market capitalisation hit 77 trillion VND, equal to 3.4 billion USD, making it among the top 10 largest companies by market capitalisation in Vietnam.
Vincom Retail operates 41 commercial centres with popular brands such as Vincom Center, Vincom Mega Mall and Vincom Plaza.
In the first half of this year, the company reported total revenues of 2.73 trillion VND, down 26 percent year-on-year, and net profit of 1.1 trillion VND, down 48.5 percent year-on-year.
It expects to achieve gross turnover of 4.6 trillion VND and after-tax profits of more than 2.1 trillion VND by 2018.-VNA
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