Military Insurance Corporation to trade on UPCoM in May

Eighty million shares of the Military Insurance Corporation will debut on the Unlisted Public Company Market (UPCoM) on May 5. — Photo dautuchungkhoan.vn

HÀ NỘI – Eighty million shares of the Military Insurance Corporation will debut on the Unlisted Public Company Market (UPCoM) on May 5.

Military Insurance Corp (MIC) will trade its shares under code MIG at an opening price of VNĐ10,000 per share. That price level puts the firm’s chartered capital at VNĐ800 billion.

The largest shareholder of MIC is the Military Commercial Joint Stock Bank (MBBank), which holds 69.58 per cent of the chartered capital in the insurance firm.

MIC in 2016 earned revenue of VNĐ1.9 trillion, a year-on-year increase of 19.7 per cent from 2015, and pre-tax profit of VNĐ88 billion, an increase of 75.6 per cent.

The company targets revenue of VNĐ2.15 trillion and pre-tax profit of VNĐ148 billion.

MIC sells insurance products such as health insurance, accident insurance, asset insurance, and other financial business activities. — VNS

Tags UPCoM trading Military insurance

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