Tan Binh Export-Import Corp. to list on HOSE

VNStockNews.com - Tan Binh Export-Import Corporation will offer shares at VND60,000 on its first listing day, instead of VND65,000 as originally planned.

The price is 55 per cent of the business sector’s P/E (price-to-earnings) ratio.

Tan Binh Export-Import Corporation will list 12 million shares on the HCM City Stock Exchange today. It has a charter capital of VND120 billion (US$6.7 million).

It targeted revenue earnings of VND763.87 billion ($42.4 million) and after-tax profits of VND58.5 billion ($3.25 million) this year.