CIAS to launch IPO on July 12

July 04, 2017 - 12:00

Cam Ranh International Airport Service Joint Stock Company (CIAS) will offer over 1.4 million shares as part of the company’s initial public offering (IPO) on July 12.

A corner of Cam Ranh International Airport. — Photo vietnamtourism.gov.vn

Viet Nam News

HÀ NỘI — Cam Ranh International Airport Service Joint Stock Company (CIAS) will offer over 1.4 million shares as part of the company’s initial public offering (IPO) on July 12.

The shares will be auctioned on the Hà Nội Stock Exchange (HNX) at the starting price of VNĐ30,000 (US$1.3) each.

Formerly known as Cam Ranh Aviation Trading Joint Stock Company, CIAS was established in 2009 with chartered capital of VNĐ10 billion. In 2016, CIAS increased its chartered capital to VNĐ60 billion.

The company provides services for travelers at the Cam Ranh International Airport in the central coastal province of Khánh Hòa, such as restaurants, catering services, business class lounges and souvenir shops.

This year, CIAS has set a target of VNĐ371.3 billion in revenue, VNĐ35.5 billion in post-tax profit and 35 per cent dividend payment. In the first quarter of 2017, CIAS earned VNĐ101.9 billion in revenue and VNĐ12 billion in post-tax profit. — VNS

Tags Cam Ranh International Airport Service Joint Stock Company; initial public offering (IPO); (CIAS);

Samsung launches technology talent development programme

Economy

Market ends flat on rising selling force

Economy

Đồng Khởi Street continues to be most expensive retail destination in Việt Nam

Economy

VN's internet economy projected to reach $36 billion

Economy

SABECO honoured as one of Việt Nam's Top 100 Best Places to Work in 2024

Economy

Thanh Hóa to develop $55 million industrial park

More on this story

Economy

Find ways to step up EU exports, VN firms urged

Local enterprises should take all opportunities to boost exports to the European Union (EU) in coming time thought still having many difficulties.

Economy

Financial stocks lead upturn, market stays flat

Shares rose on Monday as traders continued to focus on large-cap stocks on expectations of a longer rally.

Economy

Vinamilk tops most valuable firms list

Forbes Việt Nam on Monday announced the Việt Nam Dairy Products Joint Stock Company (Vinamilk) topped the 40 most valuable companies in the country with a value of more than US$1.7 billion. This is the second time Vinamilk has reached the top in the Forbes ranking.

Economy

HAGL expects 1.6 per cent revenue drop in 2017

Agriculture firm Hoàng Anh Gia Lai (HAGL) has predicted VNĐ6.33 trillion (US$281.5 million) in total revenue and VNĐ552 billion in pre-tax profit in 2017, the company announced at its annual shareholder meeting on June 30.

Economy

SCIC posts $844m pre-tax profit

The State Capital Investment Corporation (SCIC) has declared record pre-tax profit of around VNĐ19 trillion (US$844 billion) in 2016, which is 3.9 times the profit earned in 2013.

Economy

Keeping inflation below 4% is achievable: Deputy PM

The target of keeping the country’s inflation below 4 per cent in 2017 is quite feasible, said Deputy Prime Minister Vương Đình Huệ at a meeting late last week.

Economy

Huế to invest US$52 million in agricultural restructuring

The central province of Thừa Thiên-Huế will invest VNĐ1.19 trillion (US$52 million) through 12 projects as part of its plan to restructure its agricultural sector with a vision till 2020.

Economy

HCM City tracing poultry origins

After gaining encouraging results from a pilot programme that allow consumers to check the origin of pork, the HCM City Department of Industry and Trade on July 1 announced the implementation of a plan to use information technology to control and trace the origin of poultry meat and eggs.

Economy

UPCoM tightens control over listed companies

A new set of regulations will be imposed on companies either looking to be or already listed on the Hanoi Stock Exchange’s (HNX) Unlisted Public Company Market (UPCoM), increasing the level of inspection and monitoring on these entities and preventing investors from buying unqualified stocks by underperforming businesses.