Inside Tan Bien Rubber factory. The company became listed on UPCoM with 87.9 million stocks — Photo tabiruco.vn

HA NOI (Biz Hub) — Tan Bien Rubber Joint Stock Company (Tan Bien Rubber) was listed by the Hanoi Stock Exchange (HNX) with total registered value of VND879.4 billion (US$39.3 million) on November 7, 2016.

According to the HNX, Tan Bien Rubber was officially listed on the unlisted public company market (UPCoM) with a total of 87.9 million common stocks, valued at VND10,000 ($0.44) each. Recorded reference price for the first day was VND18,700 ($0.83).

Tan Bien Rubber was established in 1985 under the Vietnam Rubber Group. In 2011, the company became equitised with 98.46 per cent of charter capital held by the Vietnam Rubber Group.

The company estimated its post tax revenue in 2016 and 2017 to be VND58.4 billion ($2.6 million) and 74.7 ($3.34) billion respectively, with five per cent annual dividend yield.

Tan Bien Rubber specialises in rubber latex, which is highly valued in the market. The company also intends to focus on technology improvement and quality control in the near future. — VNS