Vietnam Airlines gets permission for listing on HoSE
The national carrier Vietnam Airlines (UPCoM: HVN) has gained approval of the Ho Chi Minh Stock Exchange (HoSE) to list its 1.4 billion shares on the southern bourse.
Vietnam Airlines receives approval to list its 1.4 billion shares on the Ho Chi Minh Stock Exchange (HoSE). (Photo: VNA)
HCM City (VNA) - Thenational carrier Vietnam Airlines (UPCoM: HVN) has gained approval of the Ho ChiMinh Stock Exchange (HoSE) to list its 1.4 billion shares on the southernbourse.
The company will move to HoSEfrom the Unlisted Public Company Market (UPCoM) and the stock ticket willremain as HVN.
The company’s market value onHoSE is approved at 14 trillion VND (603.5 million USD).
Vietnam Airlines planned toswitch to HoSE from UPCoM in 2018, but the decline of the stock market in thesecond half of 2018 made the firm delay its plan until now.
The national carrier sold 49million shares, equal to 3.48 percent of the total, for 1.09 trillion VND atthe initial public offering (IPO) in November 2014.
In 2016, the Japanese aviationfirm ANA Holdings bought 8.8 percent of Vietnam Airlines’ capital for 108million USD.
In 2018, Vietnam Airlines posteda record-high revenue of 96.8 trillion VND (4.17 billion USD), up 17 percentyear on year.
Its pre-tax profit for 2018 rose34 percent year on year to 3.24 trillion VND (139.7 million USD).
Vietnam Airlines shares on UPCoMhave increased by nearly a quarter since the end of last year, ending at 41,200VND per share on April 16.
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Vietnam Airlines receives approval to list its 1.4 billion shares on the Ho Chi Minh Stock Exchange (HoSE). (Photo: VNA) 
