Viettel Consultant and Design Joint Stock Company, a subsidiary of military-run telecommunications giant Viettel Group, will list 4.16 million shares on the Unlisted Public Company Market (UPCoM) on December 18.

This was announced by the Ha Noi Stock Exchange.

The shares, under code VTK, will start the first trading day at VND28,000 (US$1.2) per share.

At this price level, the company’s market capitalisation will reach VND116 billion.

VTK will be the fourth member of Viettel Group to list on the stock market following Viettel Construction Joint Stock Company, Viettel Global Investment Joint Stock Company and Viettel Post Joint Stock Company.

Viettel Consultant and Design JSC has spent more than 20 years working in the field of consulting and designing infrastructure and civil telecommunications. The company equitised in 2010 with charter capital of VND16 billion. After twice increasing its capital, it currently stands at VND41.6 billion.

In 2017, VTK recorded net sales of VND91 billion, up 12 per cent year-on-year. The firm’s net profit increased by 3 per cent to reach VND18.4 billion.

This year, the company targets a revenue of VND92 billion and after-tax profit of VND17.6 billion. — VNS