Tien Son Ha Tay cement producer prepares for posting shares on HNX

Tien Son Ha Tay Cement Joint Stock Co (TSCC) has lately been approved in principle for lising shares on Hanoi Stock Exchange (HNX). Accordingly, the company registered for lising 2,936,140 shares, equal to total share value of 29.36 billion dong under the share code of TSM.

TSCC planned to make its debut session on the northern bourse on July 2, 2010. Saigon Securities Inc was the consulting agent for the company.

Last year, TSCC reported gaining net revenue of 102.35 billion dong, a year-on-year increase of 3 percent, pre-tax profit of 10.76 billion dong, up 4 percent and dividend payment of 20 percent.

In 2010, the company expected to reach total revenue of 110 billion dng and after tax profit of 11 billion dong, and in 2011, TSCC planned to gain 114 billion dong of revenue and 11 billion dong of after tax profit.

As scheduled, the cement firm would put into operation its subsidiary of Tien Son Co Ltd with chartered capital of 4.5 billion dong. This company will manage the limestone mine to be handed over by the parent company and take responsibility for mining and processing stones to supply for the parent company to produce cement products.

Tags: Tien Son Ha Tay cement, vietnam stock, Vietnam stock market

Posted by VBN on Jun 30 2010. Filed under Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry