Yarn producer Damsan trades over 16m shares

Yarn producer Damsan traded over 16 million shares (ADS) on the HCM Stock Exchange at the reference price of VND17,000 (75 cents) per share on Wednesday.

Set up in 2006 in the northern province of Thai Binh, Damsan manufactures yarn and cotton and also works does real estate business.

With charter capital of VND160.7 billion, Damsan earns over 60 per cent of its revenue from yarn and cloth production.

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