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IT firm lists on HCM City stock market

Update: January, 16/2020 - 08:54

 

Nguyễn Chí Dũng (L), chairman of the Joint Stock Company for Telecoms and Informatics, receives the listing licence from Nguyễn Vũ Quang Trung, deputy CEO of the HCM Stock Exchange. — Photo courtesy of HOSE

HCM CITY — Joint Stock Company for Telecoms and Informatics (code: ICT) listed nearly 32.2 million shares on the HCM Stock Exchange on January 15 at a reference price of VNĐ23,100 (US$0.99).

Established in 1972, the company, formerly known as the Communication Equipment Repair Enterprise I, has a charter capital of VNĐ321 billion ($13.86 million).

Its main business lines include wholesale electronic, telecom and IT equipment and components, and offer other services such as leasing of IT and telecom equipment infrastructure and other value-added services on mobile platforms.

Speaking at the listing ceremony, Nguyễn Chí Dũng, the company’s chairman, said the listing would establish a transparent relationship between the company and its investors through compliance with information disclosure regulations and transparency in corporate governance.

This would help promote the company’s image and prestige and facilitate further capital mobilisation down the line, he added.

In the first nine months of last year, its revenues and after tax-profit were VNĐ847 billion ($36.6 million) and VNĐ33 billion ($1.42 million), respectively. — VNS

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