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Vinacomin's member plans for trading on UPCoM

Oct 4th at 10:09
04-10-2016 10:09:51+07:00

Vinacomin's member plans for trading on UPCoM

Vinacomin Viet Bac, a member of the Viet Nam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin), has submitted its portfolio for listing on the Unlisted Public Company Market (UPCoM).

 

Vinacomin Viet Bac plans to trade 105 million shares and be coded as MVB on UPCoM. The company's largest shareholder is Vinacomin, holding more than 98 per cent of the miner's charter capital.

Vinacomin Viet Bac mainly operates in examining, exploiting, processing and producing, and trading products made of coal and other minerals, as well as producing and selling cement and other construction materials.

The company holds more than 50 per cent of capital in nine other sub-units such as Tan Quang Cement JSC, and possesses a 29 per cent beneficiary stake in an associate firm in trading construction materials.

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