KGM debuts on UPCoM

Kien Giang Import-Export Corp –Kigimex (KGM) debuted officially 25.4 million shares on the Unlisted Public Company Market (UPCoM) today, totaling transaction value up to VND 254.3billion.

 

KGM debuts on UPCoM

The reference price for the first day is VND 10,000 per share. KGM before was Cang Nam Hai Import-Export Company and founded in 1975.

In 2016, KGM’s equitization was completed and it has been operating as a corporation with chartered capital up to 254.3billion.

It has currently 8 branches in Kien Giang province and Ho Chi Minh City focusing on processing and exporting fish and foods.

In 2017, KGM has set a target to reach revenue of up to VND 2,8trillion; after-tax profit would be VND 12billion.

DTTC-Translated by T.Tran

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