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VMH'S FIRST DAY OF TRADING ENDED UP BEING ONE OF THE MOST EXPENSIVE STOCKS

Thursday 17, 05 2018
Today, 2.68 billion shares named VHM of Vinhomes Joint Stock Company have officially been listed on HOSE with the reference price on the IPO day of VND 92,500 per share. The market capitalization of Vinhomes was over VND 246,700 billion, equivalent t
VMH'S FIRST DAY OF TRADING ENDED UP BEING ONE OF THE MOST EXPENSIVE STOCKS
Today, 2.68 billion VHM stocks (Vinhomes) were officially listed on HOSE with the reference price on the IPO day of VND 92,500 per share. The market capitalization of Vinhomes was over VND 246,700 billion, equivalent to nearly USD 11 billion.

According to HOSE, Vinhomes (with VND 26,796 billion chartered capital) is trading high-end real estate. As of 8/2/2018, VinGroup owned 69.67% of this company’s chartered capital.

Unaudited financial statements of the first quarter of 2018 show that the company’s revenue is 3 time higher than that in the same period last year, reaching VND10,500 billion, profits increased 5 times to nearly 4,000 billion.

At the end of April 2018, the Government investment funds of Singapore (GIC) became a major shareholder, holding 5.74% of Vinhomes shares, equivalent to 154 million shares.

After listing with a reference price of VND92,500 per share, VHM is considered to be among the largest capitalized stocks (> VND296.1 billion)

Leaders of Vinhomes said that 2018 will be a very important year because it marks the company restructuring of Vingroup Group which will focus on the real estate business activities. Accordingly, Vinhomes JSC will be responsible for the development, management and operation of real estate projects under the brand Vinhomes and VinCity.

Vinhomes will continue to seek opportunities to buy or cooperate with other reputable partners to increase profits.

 
Categories:
Business

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