On August 22, 2025, 32 million shares of PTM Joint Stock Company officially resumed trading on UPCoM with a reference price of 20,000 VND/share. On the first trading day, the stock rapidly increased by 40% to 28,000 VND, raising its market capitalization to nearly 900 billion VND. PTM, a subsidiary of HAXACO, specializes in distributing MG cars, holding about 40% of the MG market share in Vietnam, with 14 official MG dealerships. After being delisted in 2018, PTM raised its charter capital to 320 billion VND and now HAXACO owns 51.62% of the capital. CEO Tran Van My stated that returning to the stock market aims to enhance transparency and build reputation, with plans to expand market share and potentially list on HOSE by 2026.
Leave a Reply