On 12 December, 2019, Hanoi Plastics JSC was officially received the decision to list, welcoming the first trading day of 34.44 million shares of Hanoi Plastics JSC (stock symbol: NHH).
NHH shares have traded on UpCom since 2017 and have had a steady growth. Before the first day of trading, NHH received the green colors in a row, ending the trading session on 4 December, 2019 (the last trading day at UpCom), NHH’s price reached VND 45,900/ share. Price fluctuation range on the first trading day on the HoSE is +/- 20%.
NHH is one of the few stocks that was approved listing on the largest and the highest standards stock exchange in Vietnam at the end of the year. That NHH official transfers of stock transactions from UpCOM to HoSE is a more convenient step to access domestic and foreign capital, improves the position of NHH brand in the national market, especially in the Southern area.
Over nearly 50 years of development, now, NHH has a large capital scale. Its main activities are in the field of high-tech plastic industry. In 2020, NHH plans to move up to the Corporation model with some member companies: An Trung Industries Co., Ltd; Viexim – Export Import Development Investment Company Limited; VinFast- An Phat Bioplastics Auto Part Limited Company (VAPA); Vietnam Pattern Manufacture and Precision Mechanical Company Limited (VMC); An Cuong Building Materials Joint Stock Company.
With the experience of cooperation and close relationship with global automobile, motorbike, electric – electronics enterprises such as Honda, Toyota, Samsung, Brother, LGE, Panasonic,… NHH continues to consider this as a strength and a sharp point in the long-term strategy. The company will also expand its manufacturing business to produce 100% compostable products and high-tech architectural interior materials. Especially, at the end of 2019, NHH invested in synchronous VMC factory, imported 100% new mold making equipment from Japan with famous brands such as Yasda, Makino, Fanuc,…
With the support of experience and technology from Japanese experts, VMC has the capacity to design and manufacture molds from super precision to large molds for the automotive industry such as Bumper mold, Instrument Panel, Steps Assy,… that few domestic enterprises can do. Currently, VMC supplies 70 – 100 molds/ year to the market and will grow to 200 products/ year, aiming to become the leading company in the Vietnamese mold industry.
Leaders of Ho Chi Minh Stock Exchange awarded the Decision to list and congratulate the first trading session of NHH stock. The department said that they would accompany and support the company in updating policies and regulations for listed enterprises and believe that the company will seriously comply with the regulations in the stock market, openly and transparently financial information and performance of the company.
Sharing at the opening ceremony, Mr. Bui Minh Hai – Chairman of NHH confirmed: “The listing of HoSE will help NHH enhance accessibility, mobilize capital, and improve capacity to meet long-term goals. Along with the right strategic orientation and the expansion of other potential production and business fields, we are confident that in the next 5 years, NHH will grow rapidly, becoming the No. 1 enterprise in the supporting industry in Vietnam, pioneering in the field of eco-friendly high-tech plastic production “.
