Tuesday, September 29 2020

VietNamNews

IP developer Becamex to list on HOSE on August 31

Update: August, 21/2020 - 14:27

 

A view of Mỹ Phước Industrial Park, an IP of Becamex IDC. — Photo becamex.com.vn

HÀ NỘI — Industrial park (IP) developer Becamex IDC Corp has announced its shares will be traded on the Hồ Chí Minh Stock Exchange with the code BCM starting from August 31.

The reference price of the first trading day was VNĐ28,000 (US$1.2) per share, meaning the company would have a market capitalisation of VNĐ28.98 trillion ($1.25 billion).

BCM stopped trading on unlisted public company market (UPCoM) on August 20. Nearly 23.5 million shares of BCM were listed on UPCom on February 18 at an initial price of VNĐ31,000 each.

BCM closed at VNĐ30,100 per share on the last trading day on UPCoM.

Becamex currently owns 14 industrial parks with a total area of 10,456 hectares, or 11.4 per cent of the total area of such parks in Việt Nam.

The company earned revenue of VNĐ2.48 trillion in the first half of this year with an after-tax profit of VĐ580 billion.

Becamex hopes to reach a revenue of more than VNĐ6 trillion and an after-tax profit of VNĐ931 billion for the full year. — VNS

 

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