Viettel Global to list 2.24 billion plus shares
Wednesday, September 26,2018AsemconnectVietnam - More than 2.24 billion Viettel Global shares will make their debut on Hanoi's unlisted public company market, UPCoM, on September 25.
The shares of Viettel Global Investment Joint Stock Company, with the sticker VGI, will be traded on the UPCoM at a floor price of VND15,000 (US$0.65) per unit.
Viettel Global will become the largest firm on the UPCoM with market capitalization of VND33.6 trillion (US$1.44 billion).
Established in late 2007 with chartered capital of VND960 billion (US$41.18 million) as a unit of Viettel Group, Viettel Global covers the military group's overseas investments.
Viettel Group holds 98.68% of the stake in Viettel Global.
At a general meeting in June, shareholders of Viettel Global approved a plan to increase its chartered capital to VND30.4 trillion (US$1.3 billion).
In 2017, Viettel Global served nearly 40 million international customers, a growth of 13% from the previous year.
To date, Viettel Global makes profits in eight of the ten markets that it operates in. The eight markets are Cambodia, Laos, Timor Leste, Mozambique, Burundi, Haiti, Peru, and Cameroon. It entered Tanzania two years ago and Myanmar just this month.
Viettel Global plans to enter several new markets, mainly in ASEAN.
For this year, the company targets increasing its subscriber numbers by 10-15%, bringing the cumulative population of its markets to 400 - 500 million and rank among the top 10 global telecom companies.
Viettel Global announced consolidated revenues of over VND19 trillion (US$810 million) for 2017, an increase of 24% year-on-year, and a net profit of VND27 billion (US$1.16 million).
Source: Vov.vn
Eximbank (EIB) target VND5,000 billion profit, up 34% in 2023
Business activities of banks in March 2023
VIB General Meeting of Shareholders: Approved the plan to pay 35% dividend, profit VND12,200 billion
In 2023, Refrigeration Electrical Engineering (REE) plans to increase profit slightly by 0.3% to VND 2,700 billion
PVOIL (OIL): Outstanding output growth in 2022
Sudico AGM (SJS): Growth target in 2023 from 10-15% of revenue
In 2023, Hoang Huy Investment Services (HHS) expects profit up and dividend of 8%
2023 Nam A Bank (NAB) Annual General Meeting of Shareholders: List shares and expand overseas branches
Mobile World (MWG) plans to increase its profit slightly to VND4,200 billion in 2023
Masan (MSN) continues to attract foreign capital up to VND15,000 billion
Century Synthetic Fiber Coporation (STK) successfully approached USD52.5 million in syndicated loans
Hoa Sen AGM for the year 2022-2023 (HSG): HSG will be profitable in March, April and May 2023
Fitch Ratings first international credit rating with GAS at “BB”
PVCoating (PVB) executes a pipe wrapping contract for Vietsovpetro
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...