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Tradincorp to trade on UPCoM on July 24

Update: July, 20/2017 - 16:20
An investor watches stocks move on the Unlisted Public Company Market (UPCoM) at Vietcombank Securities Company. — Photo tinnhanhchungkhoan.vn
Viet Nam News

HÀ NỘI — The HCM City Electric Power Trading Investment Corp (Tradincorp) will trade its 23.6 million shares on the Unlisted Public Company Market (UPCoM) on July 24.

According to Hà Nội Stock Exchange, which runs the UPCoM, Tradincorp’s shares will start trading at VNĐ11,000 per share under code THE.

Tradincorp was founded in September 2007 with registered charter capital of VNĐ450 billion (US$19.75 million).

The company was established by seven big shareholders, which operate in the power industry, including the EVN Southern Power Corporation, Sài Gòn Real Estate Corporation and Sài Gòn General Service Corporation.

Among those shareholders, the EVN Southern Power Corporation is the biggest shareholder of Tradincorp, holding seven million shares or 29.65 per cent of the company capital on March 20, 2017.

In 2016, Tradincorp earned a revenue of VNĐ252 billion, a yearly increase of 12.44 per cent and its pre-tax profit was more than VNĐ25 billion.

Tradincorp targets a revenue of VNĐ1 trillion by 2025, becoming a highly profitable firm in the power trading and production industry. — VNS

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