The HCM City Electric Power Trading Investment Corp (Tradincorp) will trade its 23.6 million shares on the Unlisted Public Company Market (UPCoM) on July 24.

According to Ha Noi Stock Exchange, which runs the UPCoM, Tradincorp’s shares will start trading at VND11,000 per share under code THE.

Tradincorp was founded in September 2007 with registered charter capital of VND450 billion (US$19.75 million).

The company was established by seven big shareholders, which operate in the power industry, including the EVN Southern Power Corporation, Sai Gon Real Estate Corporation and Sai Gon General Service Corporation.

Among those shareholders, the EVN Southern Power Corporation is the biggest shareholder of Tradincorp, holding seven million shares or 29.65 per cent of the company capital on March 20, 2017.

In 2016, Tradincorp earned a revenue of VND252 billion, a yearly increase of 12.44 per cent and its pre-tax profit was more than VND25 billion.

Tradincorp targets a revenue of VND1 trillion by 2025, becoming a highly profitable firm in the power trading and production industry. — VNS