|Trần Hữu Đông, chairman of HVC Investment and Technology Joint Stock Company, beats the gong to list the company’s shares on the Hồ Chí Minh City Stock Exchange. — VNS Photo|Viet Nam News
HCM CITY — More than 20 million shares in HVC Investment and Technology Joint Stock Company were officially listed on the Hồ Chí Minh City Stock Exchange on Friday. The shares, coded HVH, will be traded from a starting price of VNĐ15,600 (US$0.66) with a total listing value of VNĐ200 billion ($8.59 million).
Speaking at the ceremony, Trần Hữu Đông, the company’s chairman, said HVC’s listing marked an important step in its development process. It also continued to affirm its commitment towards transparency as well as its target of becoming one of the top 500 biggest firms in Việt Nam by 2022.
HVC operates in the field of general contractor for design and installation of high-end entertainment equipment such as swimming pool equipment, ice skating rinks, ocean aquariums and water parks.
Last year, the company saw high growth as its revenue increased from VNĐ225 billion in 2016 to VNĐ242 billion in 2017. Its after-tax profit rose from VNĐ6.4 billion in 2016 to VNĐ15.5 billion in 2017.
HVC has targeted revenue of VNĐ320 billion in 2018, increasing 30 per cent from last year, and after-tax profit of VNĐ32 billion, up 66 per cent.
The listing aims to help HVC improve its financial capacity, enhance transparency and strengthen its brand.
Established in 2010, the company has charter capital of VNĐ200 billion. — VNS