Ministry to auction stake at Bach Dang Construction Corporation
The Ministry of Construction will auction all of its stake, equivalent to over 205 billion VND (8.97 million USD) or 94.61 percent of total shares, at Bach Dang Construction Corporation – JSC on June 18.
Illustrative photo (Photo: VNA)Hanoi (VNA) – The Ministry of Construction will auction all of its stake, equivalent to over 205 billion VND (8.97 million USD) or 94.61 percent of total shares, at Bach Dang Construction Corporation – JSC on June 18.
The auction will be held at the Hanoi Stock Exchange, and the starting price is 13,300 VND per share, the exchange said.
The firm has charter capital of more than 217 billion VND (9.49 million USD) at present.
The Bach Dang corporation has one subsidiary, Bach Dang 201 Construction JSC, and owns 55.31 percent of the capital in this firm. It also owns between 4 and 37 percent of the capital of 20 associated companies.
In 2018, Bach Dang Construction Corporation targets over 3.56 trillion VND (155.75 million USD) in revenue and 20 billion VND (875,000 USD) in post-tax profit, up 60.82 percent and 35.6 percent from last year, respectively.
It is operating in industrial structure construction; irrigation; post; airport; ports; urban and industrial park infrastructure; housing, rail and road infrastructure building; and property business. -VNA
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