FLC real estate unit to list on Hanoi Stock Exchange – VnExpress International


By Dat Nguyen  &nbspOctober 24, 2020 | 12:30 pm GMT+7
FLC real estate unit to list on Hanoi Stock Exchange  FLC real estate unit to list on Hanoi Stock Exchange - VnExpress International anh1 1603443588 1603443596 160 3621 2469 1603445209

FLC Grand Hotel Halong in the northern province of Quang Ninh. Photo courtesy of FLC.

FLCHomes, the real estate unit of the FLC conglomerate, has registered to list 416 million shares on the Hanoi Stock Exchange (HNX).

The conglomerate, which owns Bamboo Airways and also has interests in tourism and hi-tech agriculture, has FLCHomes to develop residences, offices, hospitality and golf real estate.

The registration of the FLCHomes Real Estate Development and Investment Jsc means it has likely abandoned a plan initiated last year to list its FHH shares on the country’s main bourse, the Ho Chi Minh City Stock Exchange (HoSE).

In November last year, the company wanted to list at the price of VND35,000 ($1.51) per share for a market capitalization VND14.35 trillion. FLC group chairman Trinh Van Quyet had said then that share prices could reach three digits, or over VND100,000.

Ninety percent of FLCHomes stake is owned by the parent company and individuals, while the rest belongs to employees, he added.

In the first half this year, FLCHomes saw revenue doubling year-on-year to VND1.16 trillion. It recorded a post-tax profit of nearly VND3.8 billion against a loss in the same period last year.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

FLC real estate unit to list on Hanoi Stock Exchange – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
error: Content is protected !!
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF