VISSAN to be listed on UpCom
VISSAN to be listed on UpCom
Hanoi Stock Exchange (HNX) gave its approval for Vietnam Meat Industries Limited Company (VISSAN) to be listed on HNX's market for stocks of unlisted public companies (UPCoM) on October 11.
According to the decision issued by HNX, VISSAN's stock will be listed as common stock under stock code VSN at VND10,000 (US$0.44) per share, with a total of 80.91 million shares, which equals to a listed value of VND809 billion ($36.2 million).
VISSAN is a member of Saigon Trading Group (SATRA) and has been in operation since 1974. A leading enterprise in Viet Nam, it specialises in processed meat and meat-based products.
The company's initial public opening in March 2016 and attracted 142 investors with 11.32 million shares sold and a profit of VND900 billion ($40.2 million).
In July 2016, VISSAN officially changed into a joint stock company with $36.2 in charter capital that has yet to increase. As of August 25, 2016, VISSAN had a total of 1,199 stockholders, with SATRA holding 67.76 per cent of the charter capital.
VISSAN is liable to announce the said decision according to legal procedures.
