PV Power has obtained approval to list on the Hồ Chí Minh Stock Exchange with more than 2.34 billion shares. — Photo vietnamnet.vnViet Nam News HCM CITY — The Hồ Chí Minh Stock Exchange (HoSE) on Monday approved the listing of PetroVietnam Power Corporation (PV Power) on the southern bourse. PV Power will list more than 2.34 billion shares on the southern bourse with code POW – the same ticker it has on the Unlisted Public Company Market (UPCoM). The company is trading more than 467.8 million shares on UPCoM. It debuted on the market on March 6 at VNĐ17,500 (US$0.77) per share. After the debut, the company shares declined as much as 38 per cent to hit a nine-month low of VNĐ11,000 per share on July 12-17. PV Power shares then gained 52 per cent to touch their second-highest value of VNĐ16,700 per share on September 28. But its shares have been volatile since the end of the third quarter, losing 10.2 per cent to end Tuesday at … [Read more...] about PV Power listing approved by HoSE
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HoSE suspends Orient Securities from equity purchases
Orient Securities JSC has been suspended from buying equity on the Hồ Chí Minh Stock Exchange (HoSE). — Photo baodauthau.vnViet Nam News HCM CITY — The Hồ Chí Minh Stock Exchange (HoSE) on Monday decided to suspend Orient Securities JSC (HoSE: ORS) from all securities purchases. The decision was made after the company was placed on the State Securities Commission (SSC)’s under-special-control list from October 16, 2018 to February 15, 2019. According to the commission’s statement, Orient Securities had failed to meet the requirements on establishment and operation as stated in article 70 of the Securities Law 2006. The brokerage firm was also suspended from proprietary trading on the equity market. For 60 days following its suspension, Orient Securities could only sell its existing assets. The company has 24 million shares listed on the Hà Nội Stock Exchange as ORS, and the northern market regulator has not yet decided … [Read more...] about HoSE suspends Orient Securities from equity purchases
Song Hong Garment lists shares on HoSE
The Ho Chi Minh Stock Exchange (HoSE) has approved the listing of Song Hong Garment Joint Stock Company on the southern bourse. A Song Hong Garment factory at the Yen Lap Industrial Zone in the northern province of Phu Tho - Photo baophutho.com.vn The Song Hong Garment JSC was expected to debut on HoSE on November 28 by listing more than 47.6 million shares with the code MSH, the market said in a statement. Theo VNA … [Read more...] about Song Hong Garment lists shares on HoSE
Song Hong Garment to list shares on HoSE later this month
A Song Hong Garment factory at the Yen Lap Industrial Zone in the northern province of Phu Tho (Photo baophutho.com.vn) Hanoi (VNA) - The Ho Chi Minh Stock Exchange (HoSE) has approved the listing of Song Hong Garment Joint Stock Company on the southern bourse. The Song Hong Garment JSC will debut on HoSE on November 28 by listing more than 47.6 million shares with the code MSH, the market said in a statement. The company will start trading at the price of 45,000 VND (1.93 USD) per share, making its market capitalisation up to 2.14 trillion VND (91.9 million USD) on the debut day. The company’s shares are able to increase or decline within a daily band of 20 percent on the debut day, meaning its price may rise as high as 54,000 VND or fall as far as 36,000 VND by the end of the debut. The company, headquartered in the northern province of Nam Dinh, produces garment products for both domestic and overseas markets and was founded in 1988. As of October 1, the company had 511 … [Read more...] about Song Hong Garment to list shares on HoSE later this month
Sông Hồng Garment to debut on HoSE in late November
A Sông Hồng Garment factory at the Yên Lập Industrial Zone in the northern province of Phú Thọ. — Photo baophutho.com.vnViet Nam News HÀ NỘI — The Hồ Chí Minh Stock Exchange (HoSE) has approved the listing of Sông Hồng Garment Joint Stock Company on the southern bourse. Sông Hồng Garment JSC will debut on HoSE on November 28 by listing more than 47.6 million shares with the code MSH, the market said in a statement on Tuesday. The company will start trading at the price of VNĐ45,000 (US$2) per share, making its market capitalisation up to VNĐ2.14 trillion ($95.25 million) on the debut day. The company’s shares are able to increase or decline within a daily band of 20 per cent on the debut day, meaning its price may rise as high as VNĐ54,000 or fall as far as VNĐ36,000 by the end of the debut. The company, headquartered in the northern province of Nam Định, … [Read more...] about Sông Hồng Garment to debut on HoSE in late November