Two firms cancel listings in December: HNX
Shares of two companies will be removed from the market in December, the Ha Noi Stock Exchange (HNX) has said.
Kido Frozen Foods JSC (Kido Foods) will remove all of its 56 million shares from HNX on December 11.
The last trading day for the company is December 10.
Kido Foods is cancelling its listing to merge into food firm Kido Group (HoSE: KDC).
Kido Foods’ shares will be converted into Kido Group’s shares. The list of beneficial shareholders will be finalised on December 14.
Kido Foods shares (HNX: KDF) jumped 4.3 per cent to VND46,300 apiece on Friday.
The company's shares have gained a total of nearly 25.5 per cent since October 29.
On the secondary market Unlisted Public Company Market (UPCoM), Vinacomin Power Holding Corporation will trade for the final day on December 16.
On December 17, 680 million shares of the company will be deleted from the unlisted market as the firm has been granted permission to list on the HNX.
The firm’s debut on HNX has not been decided.
Vinacomin Power shares, traded as DTK on UPCoM, surged 7.3 per cent to VND11,800 apiece on Friday.
Its shares have rocketed by 68.6 per cent since September 22.