Gia Dinh Textile to launch IPO

Gia Dinh Textile and Garment one-member limited company (GIDITEXCO) will launch the auction of 15 million shares in its initial public offering on the HCM Stock Exchange on March 18.

The shares will be offered for a starting price of VND10,200 (45 US cents) each.

Based in HCM City, the State-owned Giditexco specialises in production and import and export of products, machinery and equipment for the textile and garment industry.

The company, which has two subsidiaries and 12 joint ventures in Viet Nam, is estimated to have a charter capital of more than VND627 billion ($28 million) after equitisation 

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