Vissan lists on UpCoM market
Vissan lists on UpCoM market
More than 80.9 million shares of Vissan (Viet Nam Meat Industries Company; code: VSN), were officially traded on October 21 on the UPCoM market on the Hanoi Stock Exchange at a reference price of VND67,000 (US$3).
The HCM City-based company has charter capital of over VNĐ809 billion (US$36.27 million), 67.8 per cent of which is owned by Saigon Trading Group; 24.94 per cent by the International Agriculture Nutrition Joint Stock Company; and the rest by 1,197 individual and institutional investors.
Vissan holds a 65 per cent share of the sausage market, a 40 per cent share of the frozen food market, a 30 per cent share of meat pies and a 20 per cent share of the canned food market. It has more than 130,000 outlets across the country.
The company earned more than VND3.7 trillion ($166.8 million) in revenue and a pre-tax profit of VND153 billion ($6.8 million) last year. In the first nine months of the year, its revenue and pre-tax profit reached VND3.4 trillion and VND117 billion, respectively.At 2pm on October 24, VSN shares traded at VNĐ82,500 per share.
Under current regulations, before official listings, the company must be an unlisted public company (UPCoM).
