Vimico to list 200m shares on UPCoM
Vimico to list 200m shares on UPCoM
Vinacomin Minerals Holding Corporation (Vimico) will list 200 million shares (KSV) on the official unlisted market of UPCoM on July 28 in Ha Noi.
According to the Ha Noi Stock Exchange, each KSV share would have a reference price of VND13,000.
Based in Ha Noi, Vimico has a charter capital of VND2 trillion (US$89.5 million). On April 23, it offered nearly 46.7 million shares to the public at VND10,500 each, but sold less than three per cent of the offering.
The firm, which operates in the field of mining, processing and trading of minerals, was equitised in October last year. The Viet Nam National Coal Mineral Industries Holding Corporation Limited currently has more than a 98 per cent stake in Vimico. As a gold-mining firm in Viet Nam, the firm expects to produce 690kg of gold this year. It also produces silver, iron and copper.
In the first quarter, the firm earned VND728 billion from sales. It plans a sale of VND3.85 trillion and before-tax profit of VND29.7 billion in 2016.
