Hanel shares to be listed next week

 

Hanel works in electronics production, information technology and telecommunications. Its shares will be listed in the local market on February 13. — Photo tinnhanhchungkhoan

HÀ NỘI — Shares of electronics firm Hanel will be listed on the Unlisted Public Company Market (UPCoM) on February 13, four years after its initial public offering (IPO).

The Hà Nội Stock Exchange (HNX) approved the firm’s 192.6 million shares with the sticker HNE to list on UpCOM at the reference price of VNĐ10,900 (US$0.47) each.

In 2016, Hanel sold more than 3.9 million shares, or 20.4 per cent of its shares at VNĐ10,004 ($0.448) each.

Hanel works in electronics production, information technology and telecommunications. It has nine subsidiaries and five associated companies, such as Hà Nội Telecom, which owns telecom provider Vietnamobile, and Daewoo Hotel on Nguyễn Chí Thanh Street in Hà Nội.

It has also built many real estate projects in Long Biên District, east of the capital city.

Established in 1984 as Hà Nội Electronic Company with the city’s capital, the firm turned to a joint stock one in 2017 with initial charter capital of VNĐ1.9 trillion including 97.93 per cent of charter capital owned by the State.

In 2018, it reached more than VNĐ750 billion in revenue and VNĐ178.2 billion in profit after tax. — VNS