Binh Dien fertilizer lists on HOSE

Binh Dien Fertilizer Joint Stock Company (BFC) officially listed its 47.64 million shares on the Ho Chi Minh City Stock Exchange (HOSE) this morning.
The common stock has nominate value of VND10,000 per share totaling VND476.4 billion (US$21.26 million).
BFC stock reference price is expected at VND30,000 per share on the first day of listing. With the trading band of 29 percent, the price will swing VND29,000-32,000 per share.
The company’s representative said that its total asset increased to over VND2.99 trillion (US$133.19 million) last year, up 2.34 percent against 2013. Net revenue mitigated but profit-after-tax still increased over 10 percent thanks to cost cutting
The company is expected to sustain high dividend rate at 20 percent next year.

By Nhung Nguyen – Translated by Hai Mien

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