Viet Nam News
HÀ NỘI — The Hà Nội Stock Exchange has approved The Hà Nội Textile Garment Company (Hanosimex) to list 20.5 million shares on Unlisted Public Company Market (UPCoM) on April 19.
The reference price for its shares, which will be listed under code HSM, will begin at VNĐ15,800 (US$0.7) per share, equivalent to market capitalisation of VNĐ431 billion ($18.9 million)
Hanosimex, formerly named Hà Nội Fibre Plant, was put into operation in 1984. The company was equitised in 2007, with the State holding 57 per cent of charter capital, worth an estimated VNĐ205 billion. Since then, the company has not increased its charter capital.
As of January 9, 2018 Hanosimex had two major shareholders holding 76.19 per cent of its charter capital, namely the Việt Nam National Garment and Textile Group (Vinatex), owning 57.57 per cent of capital, and Việt Nam Textile and Garment Infrastructure Development and Production and Trading Company (Vinatex ICT), holding 18.62 per cent of capital.
The company has plants in Hà Nội, Hưng Yên, Hà Nam, Nghệ An and Hà Tĩnh, operating in spinning, sewing, scarf production, textile weaving, trading and logistics.
Hanosimex owns three land plots, including one spanning 2,600 sq m at No 25, Lane 13, Lĩnh Nam Street in Hà Nội’s Hoàng Mai District. The land plot is not in use.
The two others have been used, including one with an area of 125,000 sq m in Đồng Văn II Industrial Park in the northern province of Hà Nam and one spanning 68,540sq m in Nam Giang Industrial Cluster in the central province of Nghệ An’s Nam Đàn District.
The company earned VNĐ2.4 trillion in revenue, of which revenue from the fibre industry reached VNĐ1.6 trillion, 70 per cent of total revenue. Revenue from sewing reached VNĐ335 billion, accounting for 14.2 per cent of total revenue. The textile industry brought in VNĐ215 billion, contributing 9.11 per cent of total revenue.
In 2017, the company’s after-tax profit touched nearly VNĐ60 billion.
Hanosimex aims to earn VNĐ2.5 trillion in revenue in 2018 and VNĐ2.8 trillion in 2019. After-tax profit is expected to reach VNĐ77 billion and VNĐ82 billion respectively in 2018 and 2019. — VNS