The entrance to IDICO at Nhon Trach I Industrial Zone in the southern province of Dong Nai. In the first nine months of this year, the company's net revenue reached VND3.55 trillion, up 26.3 per cent year-on-year. — Photo cafef.vn

The Ha Noi Stock Exchange (HNX) has approved the listing of 192 million shares by the Viet Nam Urban and Industrial Zone Development Investment Corporation (IDICO) on the HNX, under the code IDC.

The first trading day is scheduled for December 10, and the reference price has been set at VND18,500 (US$0.8).

IDC has charter capital of VND3 trillion, equivalent to 300 million shares.

After being equitised in October 2017, IDC offered 135 million shares to two strategic investors, real estate developers SSG Group and Bitexco, with 67.5 million shares each.

Some of the shares were offered to the company’s employees. The remaining 108 million shares are still owned by the State, specifically the Ministry of Construction.

In the first nine months of this year, IDC’s net revenue reached VND3.55 trillion, up 26.3 per cent year-on-year. Post-tax profit totalled VND424 billion, an increase of 21.6 per cent compared to 2018. — VNS