Maseco to list shares in Ha Noi
Maseco to list shares in Ha Noi
Phu Nhuan Service JSC (Maseco) is completing formalities to list its stock on the northern bourse, the Ha Noi stock exchange said.
Based in HCM City, Maseco produces and exports goods for the electronics and agricultural sectors. It manufactures and trades electronic products, such as DVD players, karaoke systems and amplifiers for popular local brand Ariang Karaoke.
The firm also produces coffee and pepper, in addition to being involved in the restaurant and real estate industries.
With charter capital of VND225 billion (over US$10 million), the firm will list 22.5 million shares in the market.
In the first half of 2016, Maseco reached a sale of nearly VND1.3 trillion, an increase of three per cent over the same term last year.
This year, Maseco has targeted a sale of VND1.6 trillion and a profit of VND60 billion and plans to pay a dividend of 15 per cent.
