The HCM City-headquartered Sacomreal will join the Hanoi Stock Exchange on Nov. 9 to facilitate liquidity of its 100 million shares.
Sacomreal (SCR), an affiliate of the HCM Stock Exchange-listed Sacombank, has chartered capital of 100 billion VND (5 million USD).
Established in 2004 with 500 billion VND, the company initally offered services such as interior design, brokerage and trading, but now also acts as a real-estate developer.
The company has a land fund of 620ha for 20 projects, including apartments, offices for rent, hotels, and retail and industrial parks.
By the end of September, SCR had gained a pre-tax turnover of 673 billion VND (33.6 million USD), up from this year's target of 650 billion VND,while its total asset value reached 7.64 trillion VND.
Shareholders will receive 30 percent dividends for 2010, with half in cash and the remaining in shares.
The company expects to earn a pre-tax profit of 900 billion VND in 2011 from a turnover of 3 trillion VND. Its total asset value will increase to 9.2 trillion VND next year./.
Sacomreal (SCR), an affiliate of the HCM Stock Exchange-listed Sacombank, has chartered capital of 100 billion VND (5 million USD).
Established in 2004 with 500 billion VND, the company initally offered services such as interior design, brokerage and trading, but now also acts as a real-estate developer.
The company has a land fund of 620ha for 20 projects, including apartments, offices for rent, hotels, and retail and industrial parks.
By the end of September, SCR had gained a pre-tax turnover of 673 billion VND (33.6 million USD), up from this year's target of 650 billion VND,while its total asset value reached 7.64 trillion VND.
Shareholders will receive 30 percent dividends for 2010, with half in cash and the remaining in shares.
The company expects to earn a pre-tax profit of 900 billion VND in 2011 from a turnover of 3 trillion VND. Its total asset value will increase to 9.2 trillion VND next year./.
