Vietinbank Securities Gets Okay to List 79M Shares On HNX
Vietinbank Securities JSC (VietinbankSC), a subsidiary of Vietnam Joint Stock Bank for Industry and Trade, has received an approval from the Hanoi Stock Exchange (HNX) to float its 78.99 million shares on the bourse.
The Hanoi-based brokerage said it would go on bourse in early August at the latest.
VietinbankSC has a registered capital of VND789.9 billion (US$46.6 million), with a 75.6 per cent stake owned by the state and 24.4 per cent held by investors.
The company mobilized VND200.6 billion (US$11.8 million) from selling entire 19.19 million shares in an initial public offering in April.
In the first half of this year, the Vietinbank securities arm earned pretax profit of VND70 billion on revenue of VND104 billion. It expects net profit of VND90 billion and revenue of VND305.9 billion this year.
Vietnamese
