PSNews - Viettel Global, an affiliate of the Military-Run Telecommunication and Industry Group (Viettel), is listing more than 2.24 billion shares on Hanoi’s unlisted public company market (Upcom) on September 25 at a floor price of VND15,000 ($0.65) per unit.
|For illustration purpose. Source: Internet
The Hanoi Stock Exchange (HNX) on September 18 approved of the registration for trading shares of Viettel Global Investment JSC (code: VGI).
Under the plan, Viettel Global’s over 2.2 billion shares will be listed on the Upcom for the first trading on September 25, and the reference price will be VND 15,000 per share.
Established in late 2007 with charter capital of VND960 billion ($41.18 million) as an affiliate of Viettel Group, Viettel Global covers the military group's overseas investments. As it hits the stock market, Viettel Global has 6,348 shareholders. Viettel Group holds 98.68 percent of the stake in Viettel Global.
So far, Viettel Global has invested in eight foreign markets namely, Laos, Cambodia, Timor Leste and Myanmar in Southeast Asia; Haiti in Latin America; and Cameroon, Tanzania, Burundi and Mozambique in Africa.
Viettel Global is taking the lead in 5 out of its 9 markets, namely Cambodia, Laos, Timor Leste, Mozambique and Burundi.
In 2017, Viettel Global had nearly 40 million international customers, up by 13 percent from the previous year.
Viettel Global announced consolidated revenues of over VND19 trillion ($810 million) in 2017, an increase of 24 per cent year-on-year, and a net profit of VND 27 billion ($1.18 million).
The company targets to expand markets to reach 400 - 500 million subscribers, and rank among the world’s top 10 telecom companies.
By Duy Tien