IEV Holdings

[winston]

not vested

IEV Holdings , which provides engineering services, rose 11 percent to S$0.35, on expectations it will benefit from the listing of its unit, CNG Vietnam, on the Ho Chi Minh City stock exchange.

IEV, which has a 20.5 percent stake in natural gas supplier CNG Vietnam, said that CNG Vietnam's revenue in fiscal 2010 jumped 277 percent and surged 218 percent year-on-year for the first six months of 2011.

"CNG's listing has highlighted to investors the strong growth it can offer in Vietnam, which IEV will have exposure to," said a local trader.

Source: Reuters