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Kien Giang construction (CKG) firm debuts on HoSE
Kien Giang Construction Investment Consultancy Group on Wednesday listed 50 million shares on the Ho Chi Minh Stock Exchange (HoSE).
The company has been listed as CKG and its shares debuted at VND11,000 (US$0.47) apiece. The company's shares tumbled 20 per cent to finish Wednesday at VND8,800.
Its shares ended flat on Thursday.
The company was founded in 1992 and was equitised in 2006 with registered charter capital of VND45 billion.
Current charter capital is VND500 billion.
The firm’s main businesses are construction, real estate trading and financial investment.
According to chairman Tran Tho Thang, the listing proved the company had achieved breakthroughs in operation and administration.
The company's total net revenue increased to VND850 billion in 2018 from VND795 billion in 2017.
Post-tax profit in these two years hit VND60 billion and VND89 billion, respectively.
In the first nine months of 2019, total net revenue was VND910 billion and post-tax profit was VND97 billion.
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