Monday, August 21 2017

VietNamNews

Khánh Hòa Sanest Beverage Co to launch IPO

Update: August, 09/2017 - 20:00
The Khánh Hòa Sanest Beverage Company will make its first public offering (IPO) on September 11. — Photo bizlive.vn
Viet Nam News

HÀ NỘI — The Khánh Hòa Sanest Beverage Company will make its first public offering (IPO) of nearly eight million shares at the initial price of VNĐ23,000 (US$1) on September 11, according to the HCM Stock Exchange.

If the IPO succeeds, the company’s charter capital will be VNĐ330 billion.

The company specialises in the production of processed milk and dairy products; non-alcoholic beverages and mineral water, along with selling retail and wholesale beverages and food products.

The company is among five subsidiaries of the Khánh Hòa Salangane Nests Company, with initial charter capital of VNĐ220 billion on the launch day of January 28, 2016.

The company last year posted revenue of VNĐ535 billion, accounting for 62 per cent of Khánh Hòa Salangane Nests Company’s total revenue.

Besides exporting products to the United States, mainland China, Taiwan, Hong Kong, Khánh Hòa Salangane Nests Company has also set up branches in other ASEAN countries. — VNS

 

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