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Vietnam Textile Research Institute to launch IPO soon
12
Feb '18
Courtesy: Vietnam Textile Research Institute
Courtesy: Vietnam Textile Research Institute
Vietnam Textile Research Institute (VTRI), a leading provider of testing and inspection services for Vietnamese textile and garment industry, will come out with an Initial Public Offering (IPO) next month. Under the IPO, VTRI expects to collect 28 billion dong (approx. $1.23 million) by issuing over 2.26 million shares of 12,583 dong ($0.55) each.
 
The IPO will be launched on March 12, and the shares will be listed on the HaNoi Stock exchange, Vietnamese media reports said.
 
In 2017, VTRI registered a revenue of 57 billion dong, a drop of 25 per cent compared to the average earnings of the previous three years. However, its profit nearly doubled on year-on-year basis to 761 million dong.

Fibre2Fashion News Desk – India


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