Fecon Mining debuts on HOSE
Fecon Mining debuts on HOSE
Fecon Mining Joint Stock Company on Wednesday floated 26.8 million shares on the Hochiminh Stock Exchange (HOSE) at the reference price of VND24,000 each.
Ha The Long, chairman of Fecon Mining, said that listing on HOSE will help the enterprise mobilize capital to expand its business to mining, supplying of pre-stressed concrete piles, sand and stone for big projects such as Thai Binh thermal power plant, Formosa steel complex and Nghi Son petrochemical project.
This year, the enterprise targets to obtain VND850 billion in revenues, 3.2 times higher than 2012, and VND94 billion in after-tax profits.
Long said Fecon Mining has plans to become the leading pre-stressed concrete pile supplier in the country.
Established in 2007, the enterprise has a charter capital of VND268 billion. Earlier, it has supplied pre-stressed concrete piles for Nghi Son 1 thermal power plant, Honda 3 factory, Dung Quat oil refining plant and Haiphong Port.
vir
