GMD: put 18.7 mln USD into new subsidiary

The Ho Chi Minh City Department of Investment and Planning granted a licence to develop the Saigon Commodity and Service Joint Stock Co (SCSC) with an initial charter capital of 300 billion VND (18.7 million USD).

The company, founded by Gemadept Joint Stock Company with a capital contribution ratio of 23 percent, will trade in a range of commodities, including oil and gas, transport, and real estate.

VNA

>   LGC - Developer expects sharp rise in 2008 profits (08/05/2008)

>   Singapore’s Templeton to open representative office (08/05/2008)

>   SCIC not miracle for stock market (07/05/2008)

>   SFI: Resolution of the annual shareholders’ meeting (07/05/2008)

>   GMD: Notice of 2008 Annual General Meeting of Shareholders (07/05/2008)

>   GMP: establish Saigon Cargo Service Corporation (07/05/2008)

>   More shares to be issued, more pressure on stock market (07/05/2008)

>   ICF: invest in real estate (07/05/2008)

>   Gains abroad fail to lift market (07/05/2008)

>   Securities commission asked to lower trading fees (07/05/2008)