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| Văn Phú-Invest Investment JSC’s chairman Tô Như Toàn strikes the gong to debut 160 million shares on the Hà Nội Stock Exchange on Tuesday. — Photo cafef.vn |
Viet Nam News
HÀ NỘI – Shares of Văn Phú-Invest Investment Joint Stock Company (code VPI) soared 29.7 per cent on its first trading day on the Hà Nội Stock Exchange on Tuesday to close at VNĐ35,800 (US$1.57) a share.
At this price, the company was valued at more than VNĐ5.7 trillion ($251 million), making it the ninth largest real estate company on the stock exchange.
Its chairman and CEO Tô Như Toàn, with an ownership of 25 per cent stake in the company, advanced into the stock exchange’s billionaire with estimated total assets of over VNĐ1.43 trillion.
Established in 2003, the company has current charter capital of VNĐ1.6 trillion, equivalent to 160 million shares. The company began attracting market attention since 2010 with a series of projects including Văn Phú Urban Area and Văn Phú – Victoria apartment building in Hà Nội’s Hà Đông District.
It posted a net profit of VNĐ238.3 billion in the first nine months of this year and targeted a yearly profit of VNĐ420 billion. The earnings per share (EPS) ratio was VNĐ4,500. – VNS
