Newway shares listed on UPCOM

Thursday, Mar 24, 2016 09:38

A bus owned by Newway Joint Stock Company. — Photo

HA NOI (Biz Hub) — Newway Joint Stock Company listed its 8.5 million shares on the Unlisted Public Company Market (UPCOM) on March 22.

Newway JSC was formerly named Ha Noi Tourism Transport Company under the ownership of the Ha Noi Transport Corporation. The company launched its initial public offering (IPO) on the Ha Noi Stock Exchange in March 2015.

Nearly 270,000 shares were sold during the IPO, at a price of VND10,000 (US$0.44) per share.

After the IPO, the company was renamed Newway Transport Joint Stock Company with a charter capital of VND85 billion (US$3.7 million), remaining unchanged until now.

As of November 21, 2015, the company has 284 shareholders, including the Ha Noi Transport Corporation, its largest shareholder, holding 94 per cent of the company's charter capital.

Newway company's operation focuses on providing transport services via buses and it has a total fleet of 22 buses. It also provides vehicle maintenance services, transport vehicle spare parts and organises tours. — VNS

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