Traphaco to list shares on HOSE

Friday, May 16, 2008
The Ho Chi Minh City Stock Exchange (HOSE) yesterday May 14 approved in principle Traphaco Joint Stock Co to list eight million ordinary shares at 10,000 dong par on the southern bourse under the consultancy of Kim Long Securities Joint Stock Co.

Traphaco with a chartered capital of 80 billion dong specialises in pharmaceutical and chemical business and production, medical equipments and materials, foods trade, alcohol, brewery, cosmetic, and export import activities.

Traphaco has three strategic shareholders namely Mekong Capital, Australia & New Zealand Bank (ANZ Vietnam) and Bidv-VietnamParners Investment Fund Management Joint Venture Co (Bvim). Of which, Mekong Capital holds 5% or 400,000 shares, ANZ 3.13% or 250,000 shares and Bvim 2.5% or 200,000 shares.

Last year, the company made a revenue of 532 billion dong, 37 billion dong from after tax profit and dividend of 12% that could be 587 billion dong, 45.4 billion dong and dividend of 24% this year respectively.