Vinaconex Investment and Tourism Development Company (Vinaconex ITC) will list 30 million shares on the Hanoi Stock Exchange on May 10, providing investors with more options to invest in the ‘Vinaconex' stream.
The shares will be listed under the code of VCR. Once listed, members of the company's management board will be prohibited from making any transactions for the first six months.
Vinaconex ITC, a subsidiary of civil constructor giant Vinaconex with a core business of property trading, now has a charter capital of 300 billion VND (15.8 million USD). The company has three domestic strategic 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 to existing shareholders in an effort to raise its charter capital to 360 billion VND (18.9 million USD).
Vinaconex ITC is a major investor in the 1-billion USD Cat Ba Amatina project, a giant resort, spa and tourism complex in the north. Once operational, the project will cover a total area of 29.68ha in Hai Phong Port City .
Vinaconex ITC expects to generate a revenue of 144.51 billion VND (7.6 million USD) this year, twice that of last year and a profit of 52.63 billion VND (2.77 million USD), three times last year./.
The shares will be listed under the code of VCR. Once listed, members of the company's management board will be prohibited from making any transactions for the first six months.
Vinaconex ITC, a subsidiary of civil constructor giant Vinaconex with a core business of property trading, now has a charter capital of 300 billion VND (15.8 million USD). The company has three domestic strategic 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 to existing shareholders in an effort to raise its charter capital to 360 billion VND (18.9 million USD).
Vinaconex ITC is a major investor in the 1-billion USD Cat Ba Amatina project, a giant resort, spa and tourism complex in the north. Once operational, the project will cover a total area of 29.68ha in Hai Phong Port City .
Vinaconex ITC expects to generate a revenue of 144.51 billion VND (7.6 million USD) this year, twice that of last year and a profit of 52.63 billion VND (2.77 million USD), three times last year./.
