Khanh Hoa Sanest Beverage Company on the Unlisted Public Company Market (UPCoM). (Source: baokhanhhoa.vn) Hanoi (VNA) - The HanoiStock Exchange has approved the listing of Khanh Hoa Sanest Beverage Company onthe Unlisted Public Company Market (UPCoM).
Khanh Hoa Sanest Beverage Company,subsidiary of Khanh Hoa Salanganes Nest Company, will become the first companyto trade shares on the stock market while it remains a limited-liabilitycompany that has not fully transformed into a joint-stock firm.
The company, with 330 billion VND incharter capital, will trade nearly eight million shares on UPCoM under codeSKH. The shares will start trading at 27,800 VND (1.23 USD) per share onOctober 25.
The company earned 222.7 billion VND(9.8 million USD) from the IPO.
The amount of shares Khanh HoaSanest Beverage Co will trade on UPCoM is equal to the number of shares the companyoffered at its initial public offering (IPO) in mid-September: eight millionshares or 24 percent of its capital.
At the IPO, the company’s shareswere sold at the starting price of 23,000 VND per share and bought for anaverage price of 27,937 VND per share.
The IPO drew the participation ofeight institutional investors and 285 individuals, who signed up to purchase atotal of more than 20.6 million shares.
After the IPO, Khanh Hoa SanestBeverage plans to sell around 6.93 million shares or 21 percent of its capitalto an unidentified strategic investor at 23,000 VND per share.
Another 1.24 million shares, equalto a 3.8 percent stake, will be sold to the company’s employees and theGovernment will hold 51 percent of the company’s charter capital.
The company will be renamed Khanh HoaSanest Beverage Joint Stock Company after the equitisation plan is completed.
The company became the secondsubordinate unit of Khanh Hoa Salanganes Nest Co to hold an IPO after Dien KhanhSanest Co had its IPO on June 29, 2016. -VNA
Khanh Hoa Sanest Beverage Company,subsidiary of Khanh Hoa Salanganes Nest Company, will become the first companyto trade shares on the stock market while it remains a limited-liabilitycompany that has not fully transformed into a joint-stock firm.
The company, with 330 billion VND incharter capital, will trade nearly eight million shares on UPCoM under codeSKH. The shares will start trading at 27,800 VND (1.23 USD) per share onOctober 25.
The company earned 222.7 billion VND(9.8 million USD) from the IPO.
The amount of shares Khanh HoaSanest Beverage Co will trade on UPCoM is equal to the number of shares the companyoffered at its initial public offering (IPO) in mid-September: eight millionshares or 24 percent of its capital.
At the IPO, the company’s shareswere sold at the starting price of 23,000 VND per share and bought for anaverage price of 27,937 VND per share.
The IPO drew the participation ofeight institutional investors and 285 individuals, who signed up to purchase atotal of more than 20.6 million shares.
After the IPO, Khanh Hoa SanestBeverage plans to sell around 6.93 million shares or 21 percent of its capitalto an unidentified strategic investor at 23,000 VND per share.
Another 1.24 million shares, equalto a 3.8 percent stake, will be sold to the company’s employees and theGovernment will hold 51 percent of the company’s charter capital.
The company will be renamed Khanh HoaSanest Beverage Joint Stock Company after the equitisation plan is completed.
The company became the secondsubordinate unit of Khanh Hoa Salanganes Nest Co to hold an IPO after Dien KhanhSanest Co had its IPO on June 29, 2016. -VNA
