Sacomreal's 217 million shares move to HOSE

October 07, 2016 | 16:03

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HCM Stock Exchange approved the listing of more than 217 million shares of Sai Gon Thuong Tin Real Estate (Sacomreal) JSC (SCR) on the bourse.

Sai Gon Thuong Tin Real Estate is born in 2008 to serve the growing demand in the south of Viet Nam. - Photo canhoharmona.info

SCR has charter capital of VND2.17 trillion (US$97 million).

Before all SCR shares were listed on the northern bourse of HNX, the transfer of shares from one listing exchange to another was passed by the annual shareholders' meeting of the company in 2016.

HCM City-based Sacomreal JSC was established in 2005 to serve the growing real estate industry in the south of Viet Nam. It, currently, has nine associates and subsidiaries in the city and in Long An Province.

The shift is believed to be preparation ahead of the merger between HNX and HOSE later this year. So far, Central Hydropower (HCP) An Phat Securities (APG), Son Ha Saigon (SHA) and AAA of Plastic and Green Environment Phat (AAA) have shifted from HNX to HOSE.

VNS

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