Viettel offers to sell more than 4.9 million shares of Viettel Post, the starting price is 104,800 VND / share

2 min read

Accordingly, Viettel offered to sell more than 4.9 million VTP shares, equivalent to 6% of the total number of outstanding shares. The starting price is 104,800 VND / share.

Investors being economic organizations, social organizations and individuals at home and abroad can participate in the auction. The scheduled time to hold the auction is November 11, 2020 at the Hanoi Stock Exchange.

It is known that as of June 30, 2020, Viettel holds 66.81% of Viettel Post’s capital, equivalent to nearly 40 million shares. If the successful sale of 4.9 million VTP shares, Viettel will collect at least more than 522 billion dong.

Viettel Post, formerly known as the Press Release Center, was established in 1997 to serve military agencies in the Ministry of Defense of Vietnam. Viettel Post operates mainly in the field of delivery, providing courier services for postal parcels and goods; Postal; press release,

Regarding the business situation, in the first 6 months of 2020, Viettel Post recorded net revenue of more than 6,700 billion VND, an increase of more than 2 times compared to the same period in 2019. In which, the 6-month service revenue of Viettel Post has increased. 12% and trade revenue increased by nearly 10 times compared to 6 months of 2019, reaching 3,835 billion VND.

Representative of Viettel Post said the sharp increase of commercial revenue came from the beginning of recording sales of scratch cards, phone SIMs from the network of 300,000 points of sale transferred from Viettel Telecom at the end of the first quarter of 2020.

Accumulated EAT is nearly 200 billion dong, growing at nearly 22%.

VTP shares of Viettel Post are officially traded on the UPCoM trading system from November 23, 2018 with a reference price of 68,000 VND / share.

Recently, more than 23.4 million VTP shares issued to pay 2019 dividends to official shareholders were traded from September 25, 2020, bringing the total number of shares registered for trading of Viettel Post to more than 83 million units, equivalent to more than 830 billion.

Recently, many leaders of Viettel Post have continuously sold VTP shares. For example, Mr. Nguyen Viet Dung – member of the Board of Directors of Viettel Post successfully sold 6,900 VTP shares at the end of September. Mr. Pham Van Tuyen – acting deputy general director of Viettel Post has also registered to sell 15,000 VTP shares during the period from October 2, 2020 to October 30, 2020.

VTP is currently being traded at VND 106,000 / share (closing price on October 12, 2020). Market capitalization is estimated at VND 8,800 billion.

Source: vietnamfinance.vn – Translated by fintel.vn