06/10/2017 11:55 GMT+7 Email Print Like 0

Nearly 1 billion additional shares listed on UPCoM

Hanoi, October 6 (VNS/VNA) - The Unlisted Public Company Market (UPCoM) welcomed the listing of nearly 1 billion shares of four companies on October 5. 

The share value registered for trading is equal to 11.8 trillion VND (518 million USD). 

This was the highest number of shares registered for listing on UPCoM in a single day so far, according to stock market news website tinnhanhchungkhoan.vn. 

Of the four companies, Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) had the largest number of registered shares with 646 million to be listed. 

The shares were traded at the reference price of 14,800 VND per share under the code LPB. 

In July, LienVietPostBank was given approval by the State Bank of Vietnam to raise capital to 7.5 trillion vND through the issuance of shares. 

The bank has decided to limit the maximum ownership of foreign investors at 5 percent of charter capital. 

By July 17, the bank’s largest shareholder was the Vietnam Post Corporation, holding 12.54 percent of the company’s charter capital. 

In 2016, the post-tax profit of LienVietPostBank reached 1 trillion VND, up 103 percent year-on-year. In the first six months of 2017, its post-tax profit totalled 706.5 billion VND. 

Another company also listed on the UPCOM on the same day was Hua Na Hydropower JSC, the owner of the Hua Na Hydroelectric Power Plant in the central province of Nghe An. 

With a total investment of 7.1 trillion VND, the plant has a design capacity of 180MW and an average annual power output of 716.7 million Kwh. 

The Hua Na Hydropower JSC has registered to list 225.6 million shares on the UPCoM with the code HNA. Reference price on the first trading day was 10,000 VND per share. 

The company was licensed for operation by the Department of Planning and Investment of Nghe An province in May 2007. It was established by the Vietnam Machinery Installation Corporation (LILAMA) and the Vietnam Oil and Gas Group (PVN) with initial chartered capital of 1.2 trillion VND. In May 2015, the company increased its chartered capital to more than 2.2 trillion VND. 

Since July 25 this year, the Hua Na Hydropower JSC’s two largest shareholders, who hold 89.25 percent of charter capital, were PetroVietnam Power Corporation and North Asia Commercial Joint Stock Bank. The co-founder LILAMA owned more than 8.72 million shares, equal to 3.8 percent of charter capital. 

In the first six months of 2017, the company gained 207.5 billion VND in revenue, up slightly compared to 2016’s figure of 202 billion VND. During the period, the company recorded a loss of more than 87 billion VND, bringing total accumulated losses to more than 178 billion VND. 

Also on October 5, nearly 33 million THN shares of Thanh Hoa Water Supply JSC were also listed on UPCoM at the reference price of 10,000 VND per share. 

In the first half of 2017, the company earned nearly 136 billion VND in revenue and nearly 6.3 billion VND in post-tax profit. 

The fourth company having shares listed on UPCoM was Hiep Phuoc Industrial Park Joint Stock Company, with 60 million shares under the code HPI and being traded at the reference price of 16,000 VND per share. 

HPI is known as the sixth biggest industrial park operator in Vietnam after Becamex, VRG, IDICO, Sonadezi and VID Group. 

In the first half of 2017, HPI earned a profit of 38.1 billion VND, up nearly six times compared to the same period last year. 

HPI’s existing shareholders include Tan Thuan Industrial Promotion Company Limited and Tuan Loc Investment Construction JSC, who respectively hold 40.54 percent and 33.33 percent of the company’s charter capital.
VNA/VNP