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Viglacera to issue additional shares

The Vietnam Glass and Ceramics for construction Corporation Viglacera plans to shoot up its capital to nearly 3.1 trillion VND (142.8 million USD) by issuing additional shares, as heard at the 2015 annual shareholders congress in Hanoi on April 20.
The Vietnam Glass and Ceramics for construction Corporation Viglaceraplans to shoot up its capital to nearly 3.1 trillion VND (142.8 millionUSD) by issuing additional shares, as heard at the 2015 annualshareholders congress in Hanoi on April 20.

According to theplan, the corporation will taper state ownership from 91.48 percent to75 percent by listing shares in the stock market once approved by theMinistry of Construction.

In 2015, it targets a minimum growth of6 percent for each key production business. It also plans to implement astable and sustainable development strategy while fostering investmentin building and real estate.

Viglacera will focus onhighly-competitive, hi-tech and “green” products such as energy-savingglass. The company will also pay attention to increasing the quality ofits current products such as Autoclaved Aerated Concrete and clinkerbricks, and using environmentally friendly production materials.

Inthe real estate sector, Viglacera will invest and exploit technicalfacilities and services in 997 hectares of current industrial zones andclosely watch progress on new construction.

The company will also invest in a number of industrial parks and develop social housing and luxury apartment projects.-VNA
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