Vinpearl became a public company

On November 15, the Securities Commission announced confirmation of completion of public company registration of Vinpearl Joint Stock Company. This is a subsidiary of Vingroup with an ownership rate of 85.55%, with registered address at Hon Tre island, Vinh Nguyen ward, Nha Trang city, Khanh Hoa.

Vinpearl becoming a public company is an important move to list shares on the stock market. Previously, at Vingroup’s annual meeting in April, the group’s leaders also said they were conducting procedures to list Vinpearl shares this year.

Vinpearl is one of the leading service and resort brands, with 45 establishments under the Vinpearl brand in 17 provinces and cities. Currently, according to information published on the website, Vinpearl still has 10 hotels and resorts in Phu Quoc, Nha Trang, Hoi An and Quang Ninh.

In the first half of this year, Vinpearl’s profit after tax was nearly 2,580 billion VND, 3.8 times higher than the same period in 2023. Vingroup said that in the second quarter of 2024, this system sold nearly 452,000 rooms, an increase of 25%. Revenues of VinWonders and Vinpearl Golf also increased by 52% and 17% respectively over the same period last year.

By the end of June 30, Vinpearl’s equity reached over 31,500 billion VND. The debt-to-equity ratio is 1.15 times, corresponding to approximately VND 36,200 billion in liabilities. Of which, outstanding bond debt is about more than 11,000 billion VND. Thus, Vinpearl’s asset scale reaches about 67,750 billion VND (equivalent to about 2.7 billion USD).

Previously, Vinpearl was listed on the Ho Chi Minh City Stock Exchange (HoSE) with the code VPL since early 2008. However, by the end of 2011, Vinpearl merged with Vincom to form Vingroup, so VPL shares were exchanged. into VIC shares.