Stock market

VPI officially lists 160mln shares on HOSE

Van Phu Investment Corporation (under code: VPI) officially listed 160 million shares on the Ho Chi Minh Stock Exchange (HOSE) at a reference price of VND 43,500 per share on the first trading day.

VPI officially lists 160mln shares on HOSE

Earlier, VPI’s shares were listed on Hanoi Stock Exchange (HNX) at a starting cost of VND 27,600 per share however it canceled voluntarily to move on HOSE.

The move is aimed to increase capital absorption capacity on stock market, affirming its position in the market, said Mr. To Nhu Toan, General director.

In 2018, VPI has set target to reach revenue of VND 2,3trillion. The after tax profit is expected to reach VND 604billion, increase of 44 percent and dividend payout ratio at 16 percent.

HAI HO-Translated by T.Tran

Other news