Nearly 268 million shares of the luxury villa and serviced apartment development changed hands worth over VND30.7 trillion (US$1.35 billion) in the Ho Chi Minh Stock Exchange (HoSE) on May 18.
Among them, foreign investors have bought in nearly 249 million shares, including Capital Group, Avanda Investment Management Pte, Wadded & Reed, JP Morgan Asset Management, Dragon Capital, KIMC.
Vinhomes' deal value has taken the total transaction value on HoSE in the first trading session on May 18 to VND32.6 trillion (US$1.43 billion).
Consequently, Vinhomes has set a new record as the largest transaction value ever in Vietnam's stock exchange.
The previous record of Vietnam's stock exchange was set on November 7, 2017 with the listing of Vincom Retail's shares. On that trading session, Vincom Retail, Vietnam's biggest shopping mall operator, raised VND17 trillion (US$747 million) for the sale of 415 million shares.
For a current trading price of VND110,500 (US$4.87) apiece, Vinhomes with market capitalization of over VND246.7 trillion (US$11 billion) has taken over Vietnam Dairy Products (Vinamilk) with VND245.4 trillion (US$10.8 billion) to become Vietnam's second largest listed companies after Vingroup.
In first quarter, Vinhomes posted its revenue at over VND10 trillion (US$439 million), 3 times higher than last year`s same period, said its quarterly financial statement.
The company's after-tax profit stood at VND3.98 trillion (US$174.5 million), 5 times higher year on year.
The real estate development arm of Vietnam's biggest property developer Vingroup also increased its charter capital from VND2 trillion (US$87.7 million) to VND26.8 trillion (US$1.17 billion), informed Ho Chi Minh Stock Exchange (HoSE). Vingroup currently owns 69.67% of Vinhomes' charter capital.
By the end of 2017, Vinhomes' total assets worth VND51.3 trillion (US$2.24 billion), which has increased to VND95 trillion (US$4.16 billion) by the end of the first quarter in 2018.
Founded in 2014, Vinhomes offers serviced apartments and villas to residents in the country's biggest cities. It now owns many brands Vinhomes Royal City (Hanoi); Vinhomes Times City (Hanoi); Vinhomes Riverside (Hanoi); Vinhomes Dong Khoi (Ho Chi Minh City).
Formerly known as Hanoi Southern City Development, Vinhomes has cancelled its registration on the Unlisted Public Market Company (UPCoM) in mid 2017, due to the fact that the company was no longer a public company. In early 2018, Hanoi Southern City Development increased its equity from VND2 trillion (US$87.6 million) to VND28.3 trillion (US$1.2 billion) and renamed to Vinhomes.
Illustration photo.
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Consequently, Vinhomes has set a new record as the largest transaction value ever in Vietnam's stock exchange.
The previous record of Vietnam's stock exchange was set on November 7, 2017 with the listing of Vincom Retail's shares. On that trading session, Vincom Retail, Vietnam's biggest shopping mall operator, raised VND17 trillion (US$747 million) for the sale of 415 million shares.
For a current trading price of VND110,500 (US$4.87) apiece, Vinhomes with market capitalization of over VND246.7 trillion (US$11 billion) has taken over Vietnam Dairy Products (Vinamilk) with VND245.4 trillion (US$10.8 billion) to become Vietnam's second largest listed companies after Vingroup.
In first quarter, Vinhomes posted its revenue at over VND10 trillion (US$439 million), 3 times higher than last year`s same period, said its quarterly financial statement.
The company's after-tax profit stood at VND3.98 trillion (US$174.5 million), 5 times higher year on year.
The real estate development arm of Vietnam's biggest property developer Vingroup also increased its charter capital from VND2 trillion (US$87.7 million) to VND26.8 trillion (US$1.17 billion), informed Ho Chi Minh Stock Exchange (HoSE). Vingroup currently owns 69.67% of Vinhomes' charter capital.
By the end of 2017, Vinhomes' total assets worth VND51.3 trillion (US$2.24 billion), which has increased to VND95 trillion (US$4.16 billion) by the end of the first quarter in 2018.
Founded in 2014, Vinhomes offers serviced apartments and villas to residents in the country's biggest cities. It now owns many brands Vinhomes Royal City (Hanoi); Vinhomes Times City (Hanoi); Vinhomes Riverside (Hanoi); Vinhomes Dong Khoi (Ho Chi Minh City).
Formerly known as Hanoi Southern City Development, Vinhomes has cancelled its registration on the Unlisted Public Market Company (UPCoM) in mid 2017, due to the fact that the company was no longer a public company. In early 2018, Hanoi Southern City Development increased its equity from VND2 trillion (US$87.6 million) to VND28.3 trillion (US$1.2 billion) and renamed to Vinhomes.
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