Thanh Cong garment lists shares on HCM City bourse

The Thanh Cong Garment and Textile joint-stock company on October 15 made its debut at the Ho Chi Minh City Stock Exchange (HoSE), becoming the bourse’s first listed garment and textiles company.

The company had over 18.98 million shares coded TCM changed hands at the price of 54,000 VND per share certificate at its first ever trading session.

TCM is among of top ten garment and textiles enterprises of the country with 11 consecutive years winning consumers’ title “Viet Nam High-Quality Product”. It ranked 93rd in the list of top 200 Vietnamese enterprises announced by the United Nations Development Programme (UNDP).

The company obtained a revenue of 1,000 billion VND (62.5 million USD) a year with 65 percent coming from exports.

In the last six months of 2006 operating as a joint-stock company, it earned a net profit of 19.2 billion VND (1.2 million USD) and in the first six months of this year, 62.3 billion VND (3.8 million USD).-Enditem

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