More than 20 million shares in HVC Investment and Technology Joint Stock Company were officially listed on the Ho Chi Minh City Stock Exchange on Friday. The shares, coded HVH, will be traded from a starting price of VND15,600 (US$0.66) with a total listing value of VND200 billion ($8.59 million).

Speaking at the ceremony, Tran Huu Dong, the company’s chairman, said HVC’s listing marked an important step in its development process. It also continued to affirm its commitment towards transparency as well as its target of becoming one of the top 500 biggest firms in Viet Nam by 2022.

HVC operates in the field of general contractor for design and installation of high-end entertainment equipment such as swimming pool equipment, ice skating rinks, ocean aquariums and water parks.

Last year, the company saw high growth as its revenue increased from VND225 billion in 2016 to VND242 billion in 2017. Its after-tax profit rose from VND6.4 billion in 2016 to VND15.5 billion in 2017.

HVC has targeted revenue of VND320 billion in 2018, increasing 30 per cent from last year, and after-tax profit of VND32 billion, up 66 per cent.

The listing aims to help HVC improve its financial capacity, enhance transparency and strengthen its brand.

Established in 2010, the company has charter capital of VND200 billion. — VNS