The Unlisted Public Company Market (UPCoM) welcomed the listing of nearly one billion shares of four companies on October 5. The share value registered for trading is equal to VND11.8 trillion (US$518 billion).
This was the highest number of shares registered for listing on UPCOM in a single day so far, according to stock market news website tinnhanhchungkhoan.vn.
Of the four companies, Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) had the largest number of registered shares with 646 million to be listed.
The shares were traded at the reference price of VND14,800 per share under the code LPB.
In July, LienVietPostBank was given approval by the State Bank of Viet Nam to raise capital to VND7.5 trillion through the issuance of shares.
The bank has decided to limit the maximum ownership of foreign investors at 5 per cent of charter capital.
As of July 17, the bank’s largest shareholder was the Vietnam Post Corporation, holding 12.54 per cent of the company’s charter capital.
In 2016, the post-tax profit of LienVietPostBank reached VND1 trillion, up 103 per cent year-on-year. In the first six months of 2017, its post-tax profit totalled VND706.5 billion.
Another company also listed on the UPCOM on the same day was Hua Na Hydropower JSC, the owner of the Hua Na Hydroelectric Power Plant in the central province of Nghe An.
With a total investment of VND7.1 trillion, the plant has a design capacity of 180MW and an average annual power output of 716.7 million Kwh.
Hua Na Hydropower JSC has registered to list 225.6 million shares on the UpCOM with the code HNA. Reference price on the first trading day was VND10,000 per share.
The company was licensed for operation by the Department of Planning and Investment of Nghe An Province in May 2007. It was established by the Vietnam Machinery Installation Corporation (LILAMA) and the Vietnam Oil and Gas Group (PVN) with initial chartered capital of VND1.2 trillion. In May 2015, the company increased its chartered capital to more than VND2.2 trillion.
Since July 25 this year, Hua Na Hydropower JSC’s two largest shareholders, who hold 89.25 per cent of charter capital, were PetroVietnam Power Corporation and North Asia Commercial Joint Stock Bank. The co-founder LILAMA owned more than 8.72 million shares, equal to 3.8 per cent of charter capital.
In the first six months of 2017, the company gained VND207.5 billion in revenue, up slightly compared to 2016’s figure of VND202 billion. During the period, the company recorded a loss of more than VND87 billion, bringing total accumulated losses to more than VND178 billion.
Also on October 5, nearly 33 million THN shares of Thanh Hoa Water Supply JSC were also listed on UPCOM at the reference price of VND10,000 per share.
In the first half of 2017, the company earned nearly VND136 billion in revenue and nearly VND6.3 billion in post-tax profit.
The fourth company having shares listed on UPCOM was Hiep Phuoc Industrial Park Joint Stock Company, with 60 million shares under the code HPI and being traded at the reference price of VND16,000 per share.
HPI is known as the sixth biggest industrial park operator in Viet Nam after Becamex, VRG, IDICO, Sonadezi and VID Group.
In the first half of 2017, HPI earned a profit of VND38.1 billion, up nearly six times compared to the same period last year.
HPI’s existing shareholders include Tan Thuan Industrial Promotion Company Limited and Tuan Loc Investment Construction JSC, who respectively hold 40.54 per cent and 33.33 per cent of the company’s charter capital. — VNS