VSP to trade on UPCoM from Jul 6

04-Jul-2012 Intellasia | Dau Tu Chung Khoan | 8:19 AM

Viet Hai Real Estate and Shipping Joint Stock Co (coded VSP) has said that it has completed procedures to list shares on Hanoi Stock Exchange (HNX) and starts to trade share on Unlisted Public Company Market (UPCoM) from July 6 at the reference price of 2,000 dong per share in the first trading session.

Reportedly, VSP has been forced to cancel listing on HNX since June 1 due to losses from business activities for three consecutive years (its loss was 359.6 billion dong in 2009, 781 million dong in 2010 and 523.6 billion dong in 2011).

In 2012, VSP targets to reach 2.557 trillion dong revenue and 132.5 billion dong after tax profit.

Ending the first quarter of 2012, VSP suffered a loss of more than 400 billion dong.