Shares in Saigon General Services Co. (SVC), Vietnam's first financial services provider to list, almost doubled to 160,000 VNDong (9.94US$) at their market debut.
After opening at 350,000 VNDong (21.7US$), 5,100 shares in the firm, known as Savico, changed hands, nearly doubling their pre-debut price of 81,000 VNDong.
Of the 5,100 shares, foreign investors bought 1,000 shares.
The pricing gave Savico an initial market value of 128mio US$, as it listed all its 12,873,410 shares.
Savico has investments in semi-private bank Phuong Dong Bank, real-estate firm Thu Duc Housing Co. (TDH), telecom company Saigon Posts and Telecommunication Co. and infrastructure investment firm CII (CII).
It acts as a dealer for Toyota, Ford and GM-Daewooand also sells Suzuki motorcyles. It operates cosmetics and garments shops and a taxi fleet in Ho Chi Minh City.
Source: Reuters
No comments:
Post a Comment