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Bien Hoa Packaging shifts listing to HCM City bourse

Update: March, 07/2012 - 10:03

HA NOI — Bien Hoa Packaging Co (SVI) will start its first day of trading on the HCM Stock Exchange from March 12 at the reference price of VND18,700 (US$0.89) per share.

The Dong Nai-based packaging company last month received approval to shift its listing from the Ha Noi to the HCM City bourse. SVI closed its last trading day on the Ha Noi bourse on February 27 at VND18,900 a share.

Last year, SVI failed to reach its business targets, posting a total revenue of just VND695 billion ($33 million) and a total net profit of nearly VND54 billion ($2.6 million). This year its revenue and profit goals are projected at VND800 billion ($38 million) and VND55 billion, respectively.-VNS

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