LSX Congratulates and Welcomes Souvanny Home Center Public Company (SVN)

LSX would like to extend congratulations and praises to the noteworthy success in Initial Public Offering (IPO) of “Souvanny Home Center Public Company (SVN)”. The stock issued has been nationwide and worldwide interested in view of the fact that the total number of 25 million IPO shares at LAK 3,100/Share could be entirely subscribed within only two days. The attainment of SVN in securities issuance is the fruitful outcome from using the capital market channel as an efficient long-run fund mobilization. SVN placed the fifth (5th) public company in stock issuing through the primary market i.e. the Lao Capital Market.

In this regards, LSX would inform to public that LSX is completely ready to list the stock of “SVN” on LSX as the Fifth (5th) public firm listing. The First Trading Day of SVN on LSX ceremony is being officially held on Friday 11 December, 2015 as to begin the trading of SVN on stock market, to widen the Lao public investment participation on this Lao stock exchange as well as to prepare for the regional economic integration of “ASEAN Economic Community – AEC” to come.

Souvanny Home Center Public Company (SVN) is the largest firm in the Lao PDR operating one-stop shopping home center providing both services and full-ranged products from construction materials to home supplies and decorations in modern trade showroom under the Lao PDR’s top brand “Souvanny”. Over 400 brands with more than 30,000 products vary to the customer’s need throughout their 4 branches. From the success in IPO, SVN would grow forward to extend its branches throughout the country as well as to become the productive investment alternative in the new era.

Snapshot of SVN:
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Company Name: Souvanny Home Center Public Company
Securities code: LA3000050002
Short code: A000050
Industry: Commercial
Pre-Public Offering Capital: LAK 280,000,000,000
Post-Public Offering Capital: LAK 330,000,000,000
Industry code: [006]service [103]other service
Symbol: SVN
English issue name: Souvanny Home Center Public Company
English short issue name: SVN
Total issued shares: 25,000,000 shares
Total offering amount: LAK 77,500,000,000
Par Value: LAK 2,000
Offering Price: LAK 3,100
Listed shares: 165,000,000 shares
Revenue (2014): LAK 311,288,858,763
Net Income (2014): LAK 21,333,851,518
Foreign shareholder limit: 100%
IPO subscription period: 30 Nov, 1 & 3 Dec 2015
Expected listing date: 11 / 12 / 2015
Expected effective date: 11 / 12 / 2015
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LSX Investment Gateway AEC 2015