At 9 am on July 20 at Ho Chi Minh City Stock Exchange (HOSE), in the presence of a number of competent authorities and shareholders, Mr. Nguyen Van Thien - Chairman of Directors’ Board of Binh Duong Water and Environment Company (Biwase) – carried out IPO ceremony of Biwase (stock code BWE) to sell its shares for the first time on HOSE, became the 421st member of the HOSE with reference price of VND14,300 / share.
Mr. Nguyen Van Thien - Chairman of Directors’ Board of Binh Duong Water and Environment Joint Stock Company (Biwase) – beat the gong to officially put BWE shares on Ho Chi Minh City Stock Exchange.
BWE shares officially had its first trading session on HOSE. Ending the trading session on July 20, BWE was matched at VND17,150, up 20% from the initial estimate.
Biwase is a state-owned enterprise specializing in providing clean water - sanitation. The company was equitized in 2016 and conducted listing procedures (HOS) with a starting price of VND10,000 per share.
Mr. Tran Tuan Vu (right) handed over the decision to list BWE shares on Ho Chi Minh City Stock Exchange (HOSE) to Tran Chien Cong - General Director of Binh Duong Water and Environment Joint Stock Company Biwase.
Speaking at the ceremony, Tran Tuan Vu - Deputy Director of Ho Chi Minh City Securities Trading Center - announced: The presence of BWE shares on HOSE diversified the type and demonstrated the transparency of business operation. In particular, Biwase, with its distinctive business of providing clean water and environmental treatment associated with the industrialization and urbanization process of Binh Duong Province, would make a positive contribution to the performance of Ho Chi Minh City stock market in general and the socio-economic development of Binh Duong province in particular.
Reported by Duy Chi – Translated by Ngoc Huynh
