Vietnam Airlines to list on HoSE on May 7

Thursday, Apr 25, 2019 15:05

Air hostesses serve customers on a Vietnam Airline flight. — Photo Vietnam Airlines

The national carrier Vietnam Airlines, listed as HVN, will list more than 1.4 billion shares on Ho Chi Minh Stock Exchange on May 7 with a reference price on the first trading day of VND40,600 per share and the amplitude +/- 20 per cent.

On Tuesday, all HVN shares were removed from listing on the UpCoM Stock Exchange.

At the end of the last trading session at UpCoM which took place on Monday, the market recorded HVN’s share price at VND40,300 per share, nearly 1.5 times higher than the reference price on the first trading day on January 3, 2017.

Along with an increase in the volume of listed stocks, the stable growth of HVN shares has helped to raise the capitalisation value of Vietnam Airlines to more than VND57 trillion (US$2.5 billion).

In the first quarter of this year, the airline recorded positive business results with total consolidated revenue estimated at nearly VND26 trillion and consolidated pre-tax profit at VND1.5 trillion.

Vietnam Airlines's share listing on HOSE is seen an important step for the carrier, showing its determination to improve business efficiency and transparency, and standardise management activities, in addition to giving greater access to financial investors, helping increase stock liquidity and maximising investment value for shareholders. — VNS

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