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CIAS to launch IPO on July 12

Update: July, 04/2017 - 12:00
A corner of Cam Ranh International Airport. — Photo
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


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