Vietnam Enterprise Investment & Development to list 10m shares

Visual from the company's website

Vietnam Enterprise Investment and Development JSC (VNDI) will list 10 million shares on the Hanoi Stock Exchange. The timing of the listing has not been given.

The stock will be coded as FID. The shares are equivalent to VND100 billion ($4.65 million) in par value, the exchange announced.

Established in 2010 in Hanoi, VNDI holds controlling stake of more than 50 per cent in Hoa Binh THT Mineral Investment Co Ltd and Vietnam Trading and Construction Investment JSC, which specialises in the installation of electrical systems, industrial equipments and selling building materials.

VNDI’s operations include, the business of metals and metal ores, construction materials, machineries, merger and acquisition (M&A) consultancy and real estate brokerage. Metals and metal ores trading last year accounted for the biggest proportion in the company’s revenue, standing at 82 per cent.

The company also owns a real estate trading platform, called the VNDI Land, which has distributed some typical projects such as the Thang Long Garden apartment and trade centre complex, Cho Mo Plaza (both in Hanoi), and Cat Ba Amatina in the coastal Hai Phong city.

In 2015, VNDI targets to boost the operation of VNDI Land through promoting large realty projects Hanoi and Ho Chi Minh City, as well as exclusively distributing the projects that it invests in.

The company will also expand its activities of M&A and business restructuring consultancy. According to information on the company’s website, It has been the financial advisor for a spate of Vietnamese private and state-owned firms, such as construction giants Cienco 4 and 5, Licogi 9, Lilama Corporation and Vinaconex, financial conglomerate Ocean Group, the State Capital Investment Corporation and the Vietnam National Chemical Group.

VNDI aims to have a profit after tax of VND18.5 billion this year, climbing 56 per cent over 2014. Dividends for shareholders are expected to be paid at 15 per cent.

Related stories:

Vietnam’s ceramic producer Viglacera to publicly list next quarter

Vietnam food co Vissan plans IPO, Korean conglomerate CJ in race for strategic stake

Airports Corporation of Vietnam plans IPO, offers 20% to strategic shareholder

Vietnam’s infra major Licogi offloads 23.6%, raises $9.9m in IPO

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

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Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.