Ha Noi's Transport Hospital to launch IPO

Tuesday, Sep 22, 2015 15:16

The Ha Noi Transport Hospital locates 21,200sq.m. in Chua Lang Street, Dong Da District. — Photo cafef.vn
HA NOI(Biz Hub) — Ha Noi's Transport Hospital, the first medical facility to be equitised in Viet Nam, will launch its initial public offering (IPO) on October 21, the Hanoi Stock Exchange said.

HNX said the hospital would sell 4.952 million shares in the IPO, with a starting price of VND10,000 (US$0.43) each.

The 21,200sq.m general hospital, located in Chua Lang Street in Dong Da District, recently opened a healthcare building built with a total investment of US$15 million.

The seven-storey building, built on nearly 17,000sq.m, has advanced healthcare facilities and 200 beds. It was built with capital sourced from the OPEC Fund for International Development's official development assistance.

After its equitisation, the hospital is expected to have a charter capital of VND168 billion ($7.8 million), equivalent to 16.8 million shares.

Under the pilot plan for equitisation, the state will hold 5.04 million shares or 30 per cent of the charter capital, the hospital workers will own 1.768 million shares or 10.52 per cent of the charter capital, while 4.952 million shares or 29.48 per cent will be sold at the IPO.

Earlier this month, more than 5.04 million remaining shares or a 30 per cent stake, were sold only to strategic investors of the T&T Group JSC.

HNX also said securities firms that wanted to be agents of the IPO should register before 4pm on September 22. — VNS

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