Cam Ranh airport service company to launch IPO on July 12

The shares will be auctioned on the Hanoi Stock Exchange (HNX) at the starting price of VND30,000 (US$1.3) each.

Formerly known as Cam Ranh Aviation Trading Joint Stock Company, CIAS was established in 2009 with chartered capital of VND10 billion. In 2016, CIAS increased its chartered capital to VND60 billion.

The company provides services for travelers at the Cam Ranh International Airport in the central coastal province of Khanh Hoa, such as restaurants, catering services, business class lounges and souvenir shops.

This year, CIAS has set a target of VND371.3 billion in revenue, VND35.5 billion in post-tax profit and 35%dividend payment. In the first quarter of 2017, CIAS earned VND101.9 billion in revenue and VND12 billion in post-tax profit.