Hanel shares to be listed next week
Hanel shares to be listed next week
Shares of electronics firm Hanel will be listed on the Unlisted Public Company Market (UPCoM) on February 13, four years after its initial public offering (IPO).The Ha Noi Stock Exchange (HNX) approved the firm’s 192.6 million shares with the sticker HNE to list on UpCOM at the reference price of VND10,900 (US$0.47) each.
In 2016, Hanel sold more than 3.9 million shares, or 20.4 per cent of its shares at VND10,004 ($0.448) each.
Hanel works in electronics production, information technology and telecommunications. It has nine subsidiaries and five associated companies, such as Ha Noi Telecom, which owns telecom provider Vietnamobile, and Daewoo Hotel on Nguyen Chi Thanh Street in Ha Noi.
It has also built many real estate projects in Long Bien District, east of the capital city.
Established in 1984 as Ha Noi Electronic Company with the city’s capital, the firm turned to a joint stock one in 2017 with initial charter capital of VND1.9 trillion including 97.93 per cent of charter capital owned by the State.
In 2018, it reached more than VND750 billion in revenue and VND178.2 billion in profit after tax.
