Illustrative image (Source: Internet)According to the carrier’s representative, the firm’s listing registrationwas approved on February 6, and it plans to list its 300 million shares worth 3trillion VND on the HOSE.
Previously, Vietjet Air completed an auction of 44.8 million shares at its initial public offering (IPO).
Vietjet Air CEONguyen Thi Phuong Thao said the firm’s shares have been welcomed in a number oflargest markets like Hong Kong (China), London (the UK), Singapore and the US,with the involvement of international financial institutions.
As of January 12, Vietjet had a total charter capital of 3 trillion VND (132.4million USD), with 664 shareholders, including three main shareholders owningover 5 percent of the charter capital: the Huong Duong Sunny Investment Ltd(23.24 percent), CEO Nguyen Thi Phuong Thao (9.42 percent) and the GICInvestment Fund of the Singaporean Government (5.48 percent).
After the fiveyears of operation, Vietjet is the airline having the second largest domestic marketshare in Vietnam after the national flag carrier Vietnam Airlines. In 2016, it reporteda record growth of over 27.2 trillion VND in net revenue and 2.29 trillion VNDin post-tax profit, up 38.7 percent and 95.8 percent year-on-year,respectively.
The airline sets to achieve respective revenue and profit expansions of 49percent and 64 percent in 2017. Its dividend in the 2017-2019 period is hopedto be maintained at 50 percent, with at least 30 percent of this being cash.-VNA
VNA
