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3 Million Shares Of Thong Nhat Bicycle Are On IPO

Bicycles Unified IPO

According to the plan, Thong Nhat One-Member Limited Company will be the first IPO of more than 3 million shares on Hanoi Stock Exchange (HNX) with the starting price of 10,000 VND / share.

You can read more information at Vietnam Real Estate News

The total value of State capital in Thong Nhat at the time of January 1, 2015, is more than 236.4 billion VND. Under the equitization plan, Thong Nhat plans to have a chartered capital of 237 billion VND. The State continues to hold 45% of charter capital, equivalent to more than 10.6 million shares. More than 9.8 million shares will be distributed to strategic investors, 120,000 shares for employees and more than 3 million shares will be IPO on HNX on June 3.

Bicycles Unified IPO
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Thong Nhat brand has been in Vietnam since 1960, popular with consumers Thong Nhat bicycle products. Turnover from bicycle manufacturing has been growing and accounting for a high proportion of the year, averaging about 50% of total sales. From 2012 to 2015, Thong Nhat bicycle products will increase year by year, from 95,000 units in 2012 to 120,000 units in 2015.

In addition to traditional bicycle production, Thong Nhat is also involved in the real estate market at 10 Trang Thi (Hanoi). In addition, Thong Nhat is a joint venture with North Vietnam Development Limited Company (117 billion VND, equivalent to 30% of capital) to establish Thong Nhat – Bac Viet Co., Ltd. adjacent commercial center and apartment at 82 Nguyen Tuan street, Thanh Xuan Ward, Hanoi with a total area of 17,830 sm.

For the three years from 2015-2017, Thong Nhat estimated total revenue to reach 275-363.6 billion VND, a dividend yield from 2% to 4%.

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