Industrial zone to list shares

The Enterprise on Services and Development for the Tam Phuoc Industrial Zone will make its debut on the Ho Chi Minh City stock exchange (HOSE) on November 5.

The plan was announced on October 10 by Tin Nghia, the parent company of the soon to be listed firm.

To date, the Tam Phuoc industrial zone in southern Dong Nai province has set a national record in drawing investment with 80 percent of its area being leased out right during the first year of operations.

So far, 56 investors have poured some 300 million USD into the 323 ha park as the enterprise posted 54.5 billion VND in revenues in 2006 and 22.5 billion VND in profits.

The equitised company plans to auction almost 46 percent of its stake or 8,212,900 shares on the stock market. Foreign investors are invited to buy up to 30 percent or 5.37 million shares in company stock.

VNA

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