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SASCO plans to list on HCM Stock Exchange in 2015

Update: March, 10/2015 - 08:48
SASCO, which held an IPO last September at the exchange for an average price of VND19,330 and has a chartered capital of VND1.315 trillion ($61 million), is now wrapping up procedures for listing on UPCoM in the second quarter. — Photo cafef.vn

HCM CITY (VNS)  — The Southern Airport services Join Stock Company intends to list on the HCM Stock Exchange this year.

SASCO, which held an IPO last September at the exchange for an average price of VND19,330 and has a chartered capital of VND1.315 trillion ($61 million), is now wrapping up procedures for listing on UPCoM in the second quarter.

The Government owns 51 per cent of the company, leaving the rest to strategic partners (almost 24 per cent), the public and employees.

The company's interests include duty-free shops, foreign currency exchange, transportation and others.

This year it expects to earn a profit from operations of almost VND165 billion, rising to VND176 billion in 2016. Last year's earnings were VND86 billion. — VNS


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