VDS switches stock listing to HCM City

The Rong Viet Securities Company (VDS) on Wednesday listed 70 million shares on the HCM City stock exchange.

Since 2010 its shares were listed on the Ha Noi Stock Exchange, and it said it is switching to the HCM Stock Exchange to improve the liquidity of its shares.

VDS was incorporated in December 2006 with a registered capital of VND100 billion (US$4.3 million).

Currently its chartered capital is VND700 billion ($31 million) and it has offices in HCM City, Ha Noi, Can Tho, and Nha Trang that provide services to over 68,000 investors.

In the first half VDS posted revenues of VND167 billion ($7.3 million) and pre-tax profits of VND71 billion ($3.1 million), a 2.6-fold jump year-on-year.

The company targets becoming one of the top 10 securities companies in Viet Nam.

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