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Viet-Han Corp to list in HCM City
Diversified company Viet-Han Investment and Production JSC (Viet –Han Corp) will list its shares on the HCM City Stock Exchange on January 28.
The Da Nang-based company announced at a press meeting on Monday that 25 million shares with a face value of 10,000 VND would be listed.
Established in 2003 with a legal capital of 6 billion VND (375,000 USD), the company has since increased its capital to 250 billion VND (15.6 million USD) last year.
It manufactures telecom cables and materials and fibre-reinforced polymer products, develops and operates industrial parks and tourism infrastructure and makes financial investments.
Its deputy chairman, Huynh Tan Chung, said Viet Nam-focused funds Indochina Capital and VinaCapital held 15 percent and 7.8 percent stakes.
Investment funds from Singapore and the Republic of Korea have bought 1.5 million shares.
"These foreign partners are determined to help Viet – Han envisage business strategies, enhance management, analyse risks in the projects ready to get off the ground, and improve human resources,” Chung said.
Last year, the company began a number of projects and some of them, like factories to produce fibre optic cables, copper-clad aluminum electrical wires, and fibre-reinforced polymer will go on stream this quarter.
VNA
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