Vinaconex Investment and TourismDevelopment Company (Vinaconex ITC) will list 30 million shares on theHanoi Stock Exchange on May 10, providing investors with more options toinvest in the ‘Vinaconex' stream.
The shares will be listed under the code of VCR. Once listed, membersof the company's management board will be prohibited from making anytransactions for the first six months.
Vinaconex ITC, a subsidiary of civil constructor giant Vinaconex with acore business of property trading, now has a charter capital of 300billion VND (15.8 million USD). The company has three domesticstrategic partners, including Vinaconex with a 53.33 percent stake,Agribank Securities with 10.67 percent and Eximbank with 10 percent.
After the listing, the company plans to offer 6 million shares toexisting shareholders in an effort to raise its charter capital to 360billion VND (18.9 million USD).
Vinaconex ITC is a major investor in the 1-billion USD Cat Ba Amatinaproject, a giant resort, spa and tourism complex in the north. Onceoperational, the project will cover a total area of 29.68ha in HaiPhong Port City .
Vinaconex ITC expects to generate a revenue of 144.51 billion VND (7.6million USD) this year, twice that of last year and a profit of 52.63billion VND (2.77 million USD), three times last year./.
The shares will be listed under the code of VCR. Once listed, membersof the company's management board will be prohibited from making anytransactions for the first six months.
Vinaconex ITC, a subsidiary of civil constructor giant Vinaconex with acore business of property trading, now has a charter capital of 300billion VND (15.8 million USD). The company has three domesticstrategic partners, including Vinaconex with a 53.33 percent stake,Agribank Securities with 10.67 percent and Eximbank with 10 percent.
After the listing, the company plans to offer 6 million shares toexisting shareholders in an effort to raise its charter capital to 360billion VND (18.9 million USD).
Vinaconex ITC is a major investor in the 1-billion USD Cat Ba Amatinaproject, a giant resort, spa and tourism complex in the north. Onceoperational, the project will cover a total area of 29.68ha in HaiPhong Port City .
Vinaconex ITC expects to generate a revenue of 144.51 billion VND (7.6million USD) this year, twice that of last year and a profit of 52.63billion VND (2.77 million USD), three times last year./.
