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Wednesday, October 5, 2022

Over 135 million ACG shares to leave UPCoM for HOSE

The Saigon Times

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HCMC – An Cuong Wood-Working Joint Stock Company (ACG) will stop trading its 135.85 million shares on the Unlisted Public Company Market, or UPCoM, from September 28 so as to move to the Hochiminh Stock Exchange (HOSE).

At its annual general meeting, An Cuong passed a plan to cancel the trading of its ACG shares on the UPCoM and move to the HCMC bourse, initially scheduled for the second quarter of this year.

In late August, the company received HOSE’s approval for listing.

The company currently has total charter capital of over VND1.35 trillion. Of them, NC Vietnam Investment Co.,Ltd owns a 33.9% stake, Whitlam Holding Pte. Ltd holds a 17.48% stake, and Singapore’s Sumitomo Forestry Ltd. a 19.93% stake.

In the first half of this year, An Cuong booked more than VND1.9 trillion in revenue and over VND278 billion in profit, up 12% and 17% year-on-year, respectively.

Closing the trading session today, September 22, ACG rose 0.15% to VND69,000.

The VN-Index of the HCMC exchange gained 4.15 points, or 0.34%, over the session earlier at 1,214.7, with 254 winners and 204 losers. More than 473 million shares worth over VND11.6 trillion were transacted, improving over 21% in volume and 20% in value versus yesterday. Shares traded in block deals accounted for some VND1.4 trillion.

The HNX-Index on the Hanoi exchange added 0.55 points, or 0.21%, against the previous session at 265.64, with 100 stocks rising and 76 others falling.

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