Property firm Vinhomes to list on HOSE

Apr 6th at 13:42
06-04-2018 13:42:16+07:00

Property firm Vinhomes to list on HOSE

Vinhomes JSC, an arm of the real estate conglomerate Vingroup, has registered to list nearly 2.7 billion shares on the HCM Stock Exchange (HOSE).

HOSE announced receiving the listing registration documents for the shares of Vinhomes on April 2.

Saigon Securities Incorporation (SSI) will be the listing advisor for Vinhomes, according to HOSE.

Vinhomes operates in the high-end residential property segment, offering luxury serviced apartments and villas developed by Vingroup JSC.

According to HOSE, Vinhomes has chartered capital of nearly VND26.8 trillion (US$1.2 billion). As of February 8, Vingroup owned 69.67 per cent of Vinhomes’ charter capital.

Vingroup is a multi-disciplinary business group, operating in the segments of real estate, retail, hotel and leisure services, education, healthcare and heavy industry. Real estate is the core business of this corporation.

Vingroup shares, listed on HOSE under the code VIC, hit a new peak of VND127,500 on April 4. On the same day, the market capitalisation of the group reached $14.7 billion.

Commercial real estate contributed nearly 70 per cent of Vingroup’s total revenue of more than VND90 trillion in 2017.

According to Vingroup, revenue earned from the real estate segment increased sharply in the past year, by more than 33 per cent, thanks to the completion and handing over of property assets for projects such as Park Hill, Vinpearl Phu Quoc, Vinpearl Nha Trang, Vinhomes Central Park and Vinhomes Riverside - The Harmony.

Vingroup has developed real estate projects in many provinces and cities across the country. However, the projects under the banner of this corporation are mainly located in Ha Noi, such as Royal City, Times City and Park Hill, and in HCM City, such as Vinhomes Central Park and Vinhomes Golden River.

Previously, in November 2017, Vingroup also submitted the listing registration documents for the shares of its retail arm Vincom Retail (VRE) to HOSE, with a total listed volume of 1.9 billion shares.

Vincom Retail is the largest mall operator in Viet Nam, with a total area of some 1.2 million sq. m by the end of 2017.

bizhub



NEWS SAME CATEGORY

VEAM to list 1.33 billion shares on HSX

Vietnam Engine and Agricultural Machinery Corporation (VEAM), which currently holds a 30 per cent stake in Honda Vietnam, a 20 per cent stake in Toyota Vietnam, and...

PV Power awaits listing on UpCOM and strategic investor

After a successful initial public offering (IPO), PetroVietnam Power Corporation (PV Power)—the second-largest electricity producer in Vietnam—is ready to list its...

PV Oil to list 200 million shares on UpCOM on March 7

PetroVietnam Oil Corporation (PV Oil), Vietnam's second largest petrol distributor, will list 200 million shares on the Unlisted Public Company Market (UpCOM) on...

BSR to list 241.4 million shares on UpCOM

Binh Son Refining and Petrochemical Company Limited (BSR) will list 241.4 million shares on the Unlisted Public Company Market (UpCOM).

Becamex IDC to trade on UPCoMin February

The Investment and Industrial Development Corporation (Becamex IDC) will trade more than 23.4 million shares on the Unlisted Public Company Market (UPCoM) on...

Petro Mien Trung listed on HOSE

The Petro Center Corporation (Petro Mien Trung), was listed for the first time on Thursday, on the HCM City Stock Exchange (HOSE).

Chuong Duong Beverages JSC facing crisis

Chuong Duong Beverages JSC (stock code: SCD) had a bad year in 2017 with the first loss reported since listing on the stock exchange in 2006.

GELEX lists on HOSE

The HCM Stock Exchange (HOSE) has announced the listing and trading of shares in Vietnam Electric Equipment Joint Stock Corporation’s (GELEX).

Garment 10 to list on UPCoM next week

Ha Noi Stock Exchange has approved Garment 10 Corporation Joint Stock Company (GARCO 10) to list 18.9 million shares on Unlisted Public Company Market (UPCoM) on...

TPBank to list on HOSE in first quarter

Tien Phong Commercial Joint Stock Bank (TPBank) will make its initial public offering (IPO) by the end of the first quarter of the year, after completing issuing...

TRENDING


MOST READ


Back To Top