Ministry to auction stake at Bach Dang construction corp
Ministry to auction stake at Bach Dang Construction Corporation
The Ministry of Construction will auction all of its stake, equivalent to over 205 billion VND (8.97 million USD) or 94.61 percent of total shares, at Bach Dang Construction Corporation – JSC on June 18.
Hanoi (VNA) – The Ministry ofConstruction will auction all of its stake, equivalent to over 205 billion VND(8.97 million USD) or 94.61 percent of total shares, at Bach Dang ConstructionCorporation – JSC on June 18.
The auction will be held at the Hanoi StockExchange, and the starting price is 13,300 VND per share, the exchange said.
The firm has charter capital of more than 217billion VND (9.49 million USD) at present.
The Bach Dang corporation has one subsidiary,Bach Dang 201 Construction JSC, and owns 55.31 percent of the capital in thisfirm. It also owns between 4 and 37 percent of the capital of 20 associatedcompanies.
In 2018, Bach Dang Construction Corporationtargets over 3.56 trillion VND (155.75 million USD) in revenue and 20 billionVND (875,000 USD) in post-tax profit, up 60.82 percent and 35.6 percent fromlast year, respectively.
It is operating in industrial structureconstruction; irrigation; post; airport; ports; urban and industrial parkinfrastructure; housing, rail and road infrastructure building; and propertybusiness. -VNA
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Illustrative photo (Photo: VNA) 
