Illustrative image (Source: www.bizlive.vn) Hanoi (VNA) – The Hanoi Beer Alcohol and Beverage Joint StockCorporation (Habeco) will start trading with code BHN on the HCM Stock Exchange(HOSE) on January 19, the southern bourse has announced.
Habeco will list its entire 231.8 million shares, equivalent to the totallisting value of nearly 2.32 trillion VND (103 million USD), at the referenceprice of 127,600 VND (5.65 USD) per share, the bourse said in a statement. Theshare price is allowed to fluctuate /-20 per cent on the first trading day.
Habeco will list its entire 231.8 million shares, equivalent to the totallisting value of nearly 2.32 trillion VND (103 million USD), at the referenceprice of 127,600 VND (5.65 USD) per share, the bourse said in a statement. Theshare price is allowed to fluctuate /-20 per cent on the first trading day.
Sharesof the North’s largest brewer are trading at some 128,000 VND per share on theUnlisted Public Company Market (UPCoM), which is under the management of the HanoiStock Exchange.
HCMCity’s exchange on December 30, 2016, approved the company’s filing to move itslisting from the UPCoM to HOSE.
Bychanging its listing to HOSE, which is the main bourse in Vietnam, with totalmarket capitalisation of some 68 billion USD, Habeco is expected to improve itsreputation and draw more investments.
Thecompany has become a ‘phenomenon’ on the UPCoM since its debut on October 28last year, when its price shot from an initial 39,000 VND per share to a peakof 225,800 VND per share on December 16.
Headquarteredin Hanoi, it is the largest beer producer in the North and the third-largestbeer company in Vietnam, with popular brands such as Hanoi Beer and Truc BachBeer. It owns 17 subsidiaries and six affiliated companies, with totalproduction capacity of over 800 million litres of beer per year.
EndingSeptember 2016, Habeco reported total combined revenues of nearly 7.65 trillionVND, down 5 percent year-on-year. Its net profit declined by a steeper 23.5 percentyear-on-year to 960.5 trillion VND.
Thecompany has not increased its charter capital from the 2008 initial public offering,which remains at over 2.3 trillion VND. Its cumulative annual profits aremainly distributed to its investment and development fund, which amounted to 2.54trillion VND until September 30, 2016.
Itstotal equity reached nearly 5.7 trillion VND, 2.5 times its charter capital.-VNA
HCMCity’s exchange on December 30, 2016, approved the company’s filing to move itslisting from the UPCoM to HOSE.
Bychanging its listing to HOSE, which is the main bourse in Vietnam, with totalmarket capitalisation of some 68 billion USD, Habeco is expected to improve itsreputation and draw more investments.
Thecompany has become a ‘phenomenon’ on the UPCoM since its debut on October 28last year, when its price shot from an initial 39,000 VND per share to a peakof 225,800 VND per share on December 16.
Headquarteredin Hanoi, it is the largest beer producer in the North and the third-largestbeer company in Vietnam, with popular brands such as Hanoi Beer and Truc BachBeer. It owns 17 subsidiaries and six affiliated companies, with totalproduction capacity of over 800 million litres of beer per year.
EndingSeptember 2016, Habeco reported total combined revenues of nearly 7.65 trillionVND, down 5 percent year-on-year. Its net profit declined by a steeper 23.5 percentyear-on-year to 960.5 trillion VND.
Thecompany has not increased its charter capital from the 2008 initial public offering,which remains at over 2.3 trillion VND. Its cumulative annual profits aremainly distributed to its investment and development fund, which amounted to 2.54trillion VND until September 30, 2016.
Itstotal equity reached nearly 5.7 trillion VND, 2.5 times its charter capital.-VNA
VNA
