Less than 4 months after equitisation, Vietnam Book Joint Stock Co officially made an appearance on the UPCoM market today with the VNB code, the reference price on the first trading day is VND 13,100 / share.
VNB made an IPO with more than 16.7 million shares sold out at the price of VND 13,072 / share. The total value of shares sold reached over VND 218.7 billion, 43 billion higher than the starting price. Right after the successful equitization and becoming a public company, VNB rushed to put nearly 68 million shares on the UPCoM market.
VNB has over 60 years of experience in the publishing, printing and trading of books and cultural products. The company has a business relationship with suppliers in and outside the country specializing in providing book publishing for the company’s output such as Youth Publishing House, Kim Dong Publishing House, Cambridge Publishing House, Pearson Education Publishing House, Hueber Publishing House. Verlag Gmbh & Co., Dai Truong Phat Education JSC, Phuong Bac Company Limited, Tri Viet Culture and Creative Limited Company.
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Vingroup (VIC) and the Ministry of Culture, Sports and Tourism are holding more than 65.3% and 10% of VNB’s chartered capital respectively.
In 2016, VNB expects total revenue of VND 185 billion (+ 487% y / y), after-tax profit of VND48.2 billion, dividend payout ratio of 3, 55%.
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