Home Companies

Vinapharm to trade on UPCoM in May

May 15th at 16:31
15-05-2017 16:31:08+07:00

Vinapharm to trade on UPCoM in May

Viet Nam Pharmaceutical Corporation (Vinapharm) has obtained approval from Ha Noi Stock Exchange (HNX) to trade 237 million shares on the Unlisted Public Company Market (UPCoM), under stock code DVN.

 

Vinapharm will start trading on the UPCoM on May 19, 2017, at a starting price of VND10,400 (45 US cents) per share.

Vinapharm has charter capital of VND2.37 trillion and launched its initial public offering (IPO) on the HNX on June 22 last year. All of its 42,557,000 shares put up on auction were purchased at an average successful bidding price of VND10,433 per share.

Vinapharm has been officially operating as a joint-stock company since last December. Currently, this pharmaceutical company has two major shareholders holding a total of 82 per cent of charter capital, of which the Ministry of Health owns 65 per cent and strategic investor Viet Phuong Investment Group owns 17 per cent.

From the end of 2016, on the Over the Counter (OTC) market, DVN shares were being traded at some VND20,000 per share.

bizhub

MOST READ

NEWS SAME CATEGORY

VinaCapital divestment bout continues with $11 million deal
COMPANIES May 13th at 17:16

VinaCapital divestment bout continues with $11 million deal

The Ho Chi Minh City Stock Exchange (HOSE) just announced that three of VinaCapital’s foreign investment funds have recently sold more than 29.4 million shares of...

Executives (SBT) snap up shares after positive information
COMPANIES May 10th at 10:25

Executives (SBT) snap up shares after positive information

Dang Huynh Uc My, a member of the managing board of sugar maker Thanh Thanh Cong Tay Ninh JSC (SBT), registered to purchase 3 million SBT shares between May 11 and...

FLC Faros foresees major rise in 2017 post-tax profit
COMPANIES May 6th at 15:28

FLC Faros foresees major rise in 2017 post-tax profit

Construction giant FLC Faros has set a revenue target of VND4.9 trillion (US$217.78 million) and a post-tax profit of VND580 billion for 2017.

VGC to auction 120 million shares in May
COMPANIES May 4th at 10:44

VGC to auction 120 million shares in May

Ceramic maker Viglacera Corporation (VGC) will put up 120 million shares for sale, equivalent to 39 per cent of total outstanding shares, on the Ha Noi Stock...

SAB reports 18% rise in profit
COMPANIES May 4th at 10:42

SAB reports 18% rise in profit

Sai Gon Beer, Alcohol and Beverage Corporation (Sabeco) announced its net profit in the first quarter of 2017 rose 18.8 per cent year-on-year to VND1.12 trillion...

VIC approves mixed targets for 2017
COMPANIES May 3rd at 13:35

VIC approves mixed targets for 2017

Vingroup (HOSE: VIC) targeted a total revenue of VND80 trillion ($3.52 billion) and profit after corporate tax of about VND3 trillion ($132 million) in 2017.

PV OIL holds 20% share of Laos petrol sales
COMPANIES May 3rd at 13:22

PV OIL holds 20% share of Laos petrol sales

Viet Nam’s PetroVietnam Oil Corporation (PV OIL) is running profitably in Laos, with average revenues of over US$100 million and a contribution of over $20 million...

KDC to acquire Vocarimex’s controlling stakes
COMPANIES May 1st at 16:54

KDC to acquire Vocarimex’s controlling stakes

Foodstuff producer Kido Group (KDC) has decided to acquire a controlling stake in Vietnam Vegetable Oil Industry Corporation (Vocarimex) in a deal worth nearly VNĐ1...

PGI to sell shares to Korean non-insurance firm
COMPANIES Apr 29th at 18:51

PGI to sell shares to Korean non-insurance firm

Petrolimex Insurance Joint Stock Company (PJICO), with code PGI on the HCM Stock Exchange, will sell 20 per cent of its charter capital to Samsung Fire&Marine...

VIC targets 40% revenue growth, lower net income
COMPANIES Apr 28th at 10:25

VIC targets 40% revenue growth, lower net income

Leading business conglomerate Vingroup, one of the nation’s largest real estate developers and a retail sector giant, targets higher revenues but expects lower net...

Read More

MOST READ

Back To Top