SCIC to sell stake in Thanh Hoa infrastructure firm
The State Capital Investment Corporation (SCIC) will sell its 1.14 million shares in the Thanh Hoa Industrial Zone Infrastructure Investment Joint Stock Company (TIIDC) worth more than 1.4 billion VND (59,600 USD).
The SCIC will sell its 1.14 million shares in the Thanh Hoa Industrial Zone Infrastructure Investment JSC (Photo: VNA)
Hanoi (VNA) - The State Capital Investment Corporation (SCIC) will sell its 1.14million shares in the Thanh Hoa Industrial Zone Infrastructure Investment JointStock Company (TIIDC) worth more than 1.4 billion VND (59,600 USD).
Equivalent to45.72 percent of TIIDC’s charter capital, the shares will be auctioned at a startingprice of 45,300 VND each on the Hanoi Stock Exchange (HNX).
As a State-ownedfirm set up in 2001, TIIDC specialises in land leasing, wastewater treatment, infrastructurefor industrial parks, and building of civil and industrial facilities.
It raked in netrevenue of 37 billion VND last year and posted 1.5 billion VND in after-tax profit.
It targeted earning54 billion VND in net revenue this year and posting 1.9 billion VND in after-taxprofit./.
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The SCIC will sell its 1.14 million shares in the Thanh Hoa Industrial Zone Infrastructure Investment JSC (Photo: VNA) 
