Tran Phu Print to make IPO
Tran Phu Print to make IPO
The Tran Phu Print Limited Company will make an initial public offering (IPO) of its nearly 11 million shares, equivalent to 38.7 per cent of capital, on November 23.
The initial price of this sale will be VND10,100 (US Cent45) on the Ha Noi Stock Exchange. Tran Phu Print is expected to have a charter capital of VND283.2 billion (VND12.6 million) after the IPO.
According to the equitisation plan, around 708,000 shares will be sold to employees while the State will hold 5.6 million shares, or 20 per cent of the company's charter capital. Nearly 11 million shares will be sold to strategic shareholders.
Tran Phu Print, established in 1945, focusses mainly on activities such as printing brands, calendars, and magazines, in addition to newspapers, and other services related to the printing industry.
The company's revenue in 2014 was VND428.8 billion ($19.1 million). Tran Phu Print is targeting this year's revenue to equal last year's.
