Billions of Techcombank securities shares, CRV real estate are about to be listed on the stock exchange

Billions of shares of companies such as Techcombank Securities, CRV Real Estate... are about to be listed.

After the Vietnamese stock market was officially upgraded, many businesses are preparing to list their shares on the stock exchange. Specifically, the Ho Chi Minh City Stock Exchange (HOSE) has just approved 2.3 billion shares of Techcombank Securities to be traded from October 21 with the stock code TCX. The reference price of TCX shares on the first trading day is 46,800 VND. This is considered a "blockbuster" listing deal of the year when the market capitalization calculated according to the reference price of the first session is about 4.2 billion USD, leading the securities industry group on the floor.

Billions of Techcombank and real estate stocks are about to be listed on the stock exchange. PHOTO: DAO NGOC THACH

Previously, HOSE also announced that it had approved the listing of two real estate companies, ending a series of consecutive months without new businesses listed on the stock exchange. Specifically, CRV Real Estate Group listed more than 672 million shares, while Nam Tan Uyen Industrial Park Joint Stock Company transferred nearly 24 million shares from UPCoM to HOSE.

In the waiting list, Kien Long Commercial Joint Stock Bank has just submitted an application to list more than 365 million shares. Similarly, Vietnam Machinery Development Investment Joint Stock Company has submitted an application to list more than 21.52 million shares; Truong Son Investment and Construction Joint Stock Company has registered to list 38.5 million shares.

The listing wave is expected to be more active in the last months of the year when many businesses have submitted documents or announced plans to move to HOSE, such as Ton Dong A Joint Stock Company wanting to transfer 149 million shares from UPCoM to HOSE; Masan Consumer plans to transfer more than one billion shares to HOSE by the end of this year or early next year. If Masan Consumer is listed on HOSE, the scale of this deal will be larger than Techcombank securities because Masan Consumer's capitalization is up to 5.7 billion USD...

Currently, new regulations from mid-September allow banks to be listed without being required to have two consecutive years of profit, a bad debt ratio of less than 3% for two consecutive quarters, or sufficient number and structure of the board of directors... This aims to simplify administrative procedures in the business sector managed by the State Bank and is also expected to have a positive impact on the listing wave, especially in small and medium-capitalized banks.

Source: https://thanhnien.vn/hang-ti-co-phieu-chung-khoan-techcombank-bat-dong-san-crv-sap-chao-san-185251012144223414.htm