Ngo Han Joint-Stock Company, whose main product is electromagnetic wires of different types, has become the 232 nd listed company on the HCM City bourse under the code NHW.
The Dong Nai province-based company has a charter capital of 230 billion VND (13 million USD). The fund management firm Mekong Capital represents nearly 31 percent and foreign individual investors, 6.5 percent.
The company is capable of producing more than 190,000 tonnes of uninsulated copper and enamelled aluminum wire annually.
The NHW enjoys 47 percent of the enamelled aluminum market, 35 percent of flat copper wire and 20 percent of enamelled copper wire. Its major customers include Sunshin Vietnam and Dongjin of Korea, Solen Vietnam and Shihlin of Taiwan, Ovi Cable of Malaysia and the ABB of Switzerland. This year it expects to earn 61 billion VND in net profit and 79 billion VND next year. The figure was 41 billion VND in 2009.
The company closed its first trading day at 26,400 VND, up 20 percent on its reference price of 22,000VND./.
The Dong Nai province-based company has a charter capital of 230 billion VND (13 million USD). The fund management firm Mekong Capital represents nearly 31 percent and foreign individual investors, 6.5 percent.
The company is capable of producing more than 190,000 tonnes of uninsulated copper and enamelled aluminum wire annually.
The NHW enjoys 47 percent of the enamelled aluminum market, 35 percent of flat copper wire and 20 percent of enamelled copper wire. Its major customers include Sunshin Vietnam and Dongjin of Korea, Solen Vietnam and Shihlin of Taiwan, Ovi Cable of Malaysia and the ABB of Switzerland. This year it expects to earn 61 billion VND in net profit and 79 billion VND next year. The figure was 41 billion VND in 2009.
The company closed its first trading day at 26,400 VND, up 20 percent on its reference price of 22,000VND./.
