The Ha Noi Stock Exchange (HNX) has approved the listing of Viglacera Corporation, Viet Nam’s largest producer of construction ceramics and tiles, with code VGC.

HNX said in a statement on Monday that 65 million shares of Viglacera will be traded on the northern bourse on December 22.

HNX also said Viglacera’s 307 million shares, which are now trading on the Unlisted Public Company Market (UPCoM), will be delisted on December 16 as the company moves to the HNX.

Viglacera will start trading on the northern bourse with an opening price of VND15,600 per share (US$0.69), the average price of the last 10 trading sessions on UPCoM between November 25 and December 8.

That would make the total starting value of Viglacera’s shares at VND1 trillion on the HNX.

The company, with chartered capital of VND3.07 trillion, is headquartered in Ha Noi’s Nam Tu Liem District. The company was equitised in July 2014.

The company is engaged in the production of construction material, real estate and construction work.

Viglacera earned revenue of VND1.87 trillion and post-tax profit of VND196 billion in the third quarter of this year.

After nine months, the company earned VND5.7 trillion in revenue and VND455 billion in post-tax profit. — VNS