An airplane of Vietnam Airline (Photo: www.vegantravel.com)Hanoi (VNA) – The national flag carrier Vietnam Airlines has asked its shareholdersto register their ownership by the end of this month to serve its tradingregistration on the Unlisted Public Company Market (UPCoM), which is expected inDecember.
The airline will finalise the list of shareholders on November30, and it will cease to receive dossiers for transfer of securities ownership aday earlier, Vietnam Securities Depository (VSD) announced.
Thestate-owned airline will list nearly 1.23 billion shares with the face value of10,000 VND per share, equivalent to charter capital of 12.3 trillion VND (549million USD), on the UPCoM under the stock code of HVN.
The specific dateof debut has been unclear but the company expects it in December, it said in arecent filing to VSD.
Vietnam Airlines made its public offering (IPO) inlate November 2014 which raised 51 million USD via a sale of 3.47 percent of itscapital.
In July thisyear, the State sold nearly 8.8-percent equity to Japan’s ANA Holdings for 109million USD, equivalent to nearly 22,600 VND per share.
Under itsrestructuring plan, the aviation company is looking to cut the State stake fromthe current 86.16 percent to 75 percent and eventually 65 percent.
Itreported consolidated revenues of over 36 trillion VND (1.6 billion USD) andpre-tax profit of 1.6 trillion VND in the first half of this year, completingnearly 70 percent of the target set for the whole year.
Vietnam Airlinesis now among the world’s leading four- to five-star carriers and been recognizedas one of the world’s top three most improved airlines last year by UK-basedairline review organisation Skytrax.
Shares of Vietnam Airlines are beingtraded on the Over The Counter (OTC) market for around 28,000 VND per share inrecent days. At this rate, the airline’s market value reaches 34.37 trillion VND(1.53 billion USD).
A number of big corporations have recently buoyed themarket by listing shares on the UPCoM, including Airports Corporation of Vietnam(ACV) with over 2 billion shares debuted on the UPCoM yesterday, being thebiggest listed stock here for market value of 76.2 trillion VND (3.4 billionUSD) at the November 21 price of 35,000 VND per share.
UPCoM, which wentlive in June 2010, is a market for unlisted or delisted public companies underthe management of the Hanoi Stock Exchange. It now has over 360 stocks with atotal market capitalisation of around 170 trillion VND (7.6 billion USD)./.
VNA
