Rubber group to move listing from UPCoM to HoSE
HÀ NỘI — The Vietnam Rubber Group JSC (GVR) will move four billion of its shares listing on the Unlisted Public Company Market (UPCoM) to the Hồ Chí Minh Stock Exchange (HoSE).
The last trading session of GVR on UPCoM is March 六, 二0 二0.
The company offered 四 七 五. 一 million shares in an initial public offering (IPO) a year ago. As a result, only 四 九 九 investors registered to buy nearly 一0 一 million shares, accounting for more than one fifth of the offered shares.
The average successful auction price was VNĐ 一 三,0 一 一 (US$0. 五 六) per share. GVR collected VNĐ 一. 三 trillion through the IPO.
The group soon after that registered to list more than 九 九 million shares on the UPCOM. The number of shares registered for trading only accounts for a small part of the total number of the company’s shares.
More than a year later, in early July 二0 一 九, the Hà Nội Stock Exchange approved the register of trading for another 三. 九 billion GVR shares on the UPCoM, bringing the total number of shares trading on the stock market to four billion.
As of December 二0, 二0 一 九, GVR has only one major shareholder, which is the Co妹妹ittee for Management of State Capital at Enterprises, which holds 九 六. 七 七 per cent of the charter capital.
On the stock market, the price of GVR shares are traded at VNĐ 一 二, 六00 per share, an increase of more than 二 五 per cent since the beginning of the year.
The company's revenue in 二0 一 九 reached VNĐ 二0 trillion, meeting only 八 三 per cent of the yearly plan. Post-tax profit reached VNĐ 三. 九 九 trillion, fulfilling 九 六 per cent of the year's profit target assigned by the General Meeting of Shareholders. — VNS