HCM City (VNA) - Vinhomes JSC, thereal estate arm of Vingroup, listed nearly 2.68 billion shares on the Ho ChiMinh Stock Exchange (HOSE) on May 17.
The reference price was 92,100 VND (4.04USD) per share against its face value of 10,000 VND (43 US cents), and theshare quickly hit the upper price limit.
The company has a charter capital of morethan 26 trillion VND (1.14 billion USD), according to Tran Anh Dao, deputydirector of HOSE.
The listing on the stock exchange is amilestone in the development of the firm, helping enhance its brand,competitiveness, transparency and management quality, Nguyen Viet Quang, GeneralDirector of Vingroup, said.
The firm plans to develop real estateprojects in satellite urban centres near Hanoi and Ho Chi Minh City and incities and provinces with high development potential, he said.
Vinhomes JSC is developing propertyprojects in 40 cities and provinces now, he said.
As of the end of March the company hadtotal assets of almost 94.69 trillion VND (4.15 billion USD).-VNA
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Illustrative Image (Source: VNA) 
