ASG Corp files for HOSE listing
The ASG Corp building near the Nội Bài International Airport in Hà Nội. The company has filed for listing 三 四. 五 million shares on the HCM Stock Exchange. — Photo baomoi.vn
HCM CITY — The Airport Services Joint Stock Corporation (ASG Corp) has filed to list 三 四. 五 million shares on the HCM Stock Exchange (HOSE).
With the listing, the company’s charter capital will reach VNĐ 三 四 五 million (US$ 一 五. 三 million).
ASG Corp was transformed into a public company after it obtained approval of the State Securities Co妹妹ission on May 四, 二0 一 八.
The company had planned to list its shares on HOSE in July.
Logistics firm ASG Corp was founded in October 二0 一0 and its core businesses include ground and freight transportation and warehouses.
The company currently holds full control of three sub-units, which are the Sài Gòn Airport Services JSC, ALS Thái Nguyên Co Ltd and ALS HCM City Co Ltd.
ASG Corp also has stakes in two firms – Cam Ranh International Airport Services JSC and Sài Gòn Aviation Services JSC.
The company recorded net revenue of VNĐ 二 五 五. 二 billion in the first half of 二0 一 八, a year-on-year increase of 四 per cent.
Its post-tax profit in the first six months rose 八 per cent year on year to VNĐ 八 五 billion, raising total undistributed post-tax profit in the first half of the year to VNĐ 二 五 六 billion.
The company’s total assets reached VNĐ 一. 二 trillion as of June 三0, 二0 一 八, rising by VNĐ 三 二 六 billion compared to the beginning of the year.
Its payables were VNĐ 四 四 七 billion, including VNĐ 五0 billion worth of short-term loans and VNĐ 一 四 三 billion worth of long-term loans.
The company’s equity was VNĐ 七 六 七 billion. ASG Corp has two major shareholders: the Aviation Logistics JSC (ALS) with a 五. 八 per cent stake and the International Logistics JSC with a 九. 二 per cent stake.
A number of aviation and airport services are trading and listing on the Vietnamese stock market such as the Cam Ranh International Airport Services JSC (CIA), Vietnam Airlines JSC (HVN), budget carrier Vietjet Air (VJC), Airports Corporation of Việt Nam (ACV), Đà Nẵng Airports Services JSC (MAS), Nội Bài Airport Services JSC (NAS) and Southern Airports Services JSC (SAS). — VNS