Vietnam Airlines JSC. to open stock transaction on UPCoM

Published on : Friday, January 6, 2017

Vietnam AirlinesToday, the Vietnam Airlines JSC. ran the first share trading session at the Hanoi Stock Exchange. More than 1,227 million shares of Vietnam Airlines (HVN) were officially listed and traded at UPCoM with the starting (reference) price in the first trading day of 28,000 VND per share, accounting for about 11% of UPCoM’s total market capitalization. This has helped raise the level capitalization of airline industry on the stock market.

 

This is an event of great significance to the development of Vietnam Airlines, fulfilling the aspirations of shareholders as they could see HVN shares are listed and traded on Vietnam’s stock market. Given a direct injection into Vietnam’s stock market of more than 1.2 billion shares, HVN has become the second largest contributor to UPCoM in terms of the number of share and the amount of value.

 

Dr. Pham Ngoc Minh – Vietnam Airlines’ Chairman, said: “Being the first and only airline to be listed on Vietnam’s stock market, Vietnam Airlines takes great pride in  bringing to the stock market a business capable of maintaining a constant growth over the past 20 years evidenced by excellent financial indicators which all far exceed the target; an airline possessing a young and modern fleet and more particularly the one and only in Asia – Pacific which has successfully put into operation the two next-generation aircrafts Airbus A350-900 and Boeing 787-9; its service is up to 4-star quality standards of international aviation; safety indicators are well maintained in many consecutive years. Especially, Vietnam Airlines is also among the first three equitized state owned enterprises who has found a foreign strategic investor, the Group retaining ownership of Japan’s ANA 5-star airline. The two sides have made commitment to further promoting joint development and cooperation in order to operate flight network and improve corporate governance. The Airline is expected to achieve great breakthroughs in its long-term development.”

 

Shortly after completing the process of equitization and selection of strategic investor in 2016, Vietnam Airlines has worked hard to finalize registration procedures to officially open trading session of HVN at the beginning of year 2017. The registration procedure was completed in accordance to the law and guidance from the Prime Minister, the Ministry of Transport, the Ministry of Finance on the listing of shares, registration of share trading for equitized state owned enterprises.

 

The share trading registration will help the Corporation further enhance Vietnam Airlines standing and brand in the market, improve transparency and liquidity of HVN shares, opening a new channel for raising capital used for investment. This also provides a solid premise for Vietnam Airlines to further speed up its restructuring process by issuing shares to raise capital in an effort to make the Corporation become a leading and efficient business in Vietnam as well as in the world.

 

 

Source:- Vietnam Airlines

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