Vingroup to list 554 million more shares

At the current market price of VNĐ106,000 per share, the company is valued at VNĐ338.3 trillion ($14.7 billion) and is the largest company on the stock market. — Photo investnet.global

Viet Nam News

HÀ NỘI – The HCM Stock Exchange has approved the additional listing of nearly 554 million shares, worth VNĐ5.54 trillion (US$241 million), of private conglomerate Vingroup (VIC).

These shares were from the issue in June to pay dividends for 2017’s business result.

The total number of Vingroup shares will increase to 3.19 billion units after the decision. At the current market price of VNĐ106,000 per share, the company is valued at VNĐ338.3 trillion ($14.7 billion) and is the largest company on the stock market.

The second biggest company is its real estate arm, Vinhomes (VHM), with market value of over VNĐ284 trillion ($12.3 billion).

The new shares are expected to start trading in early August.

VIC share value climbed over 37 per cent since the beginning of this year. The company has yet to release its second-quarter earnings. It posted an after-tax profit of over VNĐ1 trillion in the first three months of this year, a growth of 70 per cent against the same period last year. – VNS

Tags Vietnam Vingroup listing Vietnam News news

Techcombank sets US$1 billion profit target this year

bizhub

SeABank sets a growth target of 28 per cent

bizhub

Vietnam Airlines plans to further increase flights during holidays

bizhub

Vietnam Airlines to open direct flights to Manila, Philippines

bizhub

Long Sơn petrochemical complex to begin commercial operation in Q3

bizhub

Sacombank rejects rumour chairman banned from leaving the country

More on this story

bizhub

Vietnam Entertainment Fund makes debut

The Vietnam Entertainment Fund (VEF), which aims to increase value through medium- and long-term investments in the entertainment sector, made its debut in HCM City on Thursday.

bizhub

Cloud software provider Nutanix enters Vietnamese market

US based cloud computing company, Nutanix, is now present in Việt Nam to support business growth with its leading hyperconverged solutions, including 100 per cent software-based and multi-cloud management technologies.

bizhub

Taiwan Expo opens in HCM City, offers firms a chance to forge partnerships

The Taiwanese International Trade Fair – Taiwan Expo (Taiwan Expo 2018), which opened in HCM City on Thursday offers Vietnamese and Taiwanese companies the opportunities to tie up with each other.

bizhub

New property brand Alpha King launches

Alpha King, a foreign-owned property developer and consultancy, officially launched in HCM City on Wednesday nearly two years after first coming to the country.

bizhub

FedEx Express’s new air route connects Hà Nội to Guangzhou

FedEx Express, one of the world’s largest express service providers, launched a new flight on Wednesday connecting Hà Nội with the FedEx Asia-Pacific Hub in Guangzhou, China.

bizhub

Training programmes for Vietnamese consultants in support industry opened

Samsung Việt Nam (SEV) and the Ministry of Industry and Trade (MoIT) on Tuesday in HCM City opened the third and forth course of the training programme for Vietnamese consultants in support industry in the south.

bizhub

Vocarimex reports rosy after acquisition

The Việt Nam Vegetable Oils Industry Corporation (Vocarimex) has seen a significant improvement in performance in the one year since it was acquired by giant food producer KIDO Group.

bizhub

Xiaomi unveils two new phones

Xiaomi on Tuesday officially unveiled its next generation Android One smartphones, Mi A2 and Mi A2 Lite.

bizhub

Home Credit launches new product

Home Credit Vietnam Finance Company Limited has tied up with three insurance companies, PTI, GIC and Bảo Minh, to provide additional benefits to the spouses of customers who buy insurance to cover 100 per cent of their loan.