Cement producer contributes 45pct of capital in vicem urban area project

Hoang Mai Cement Joint Stock Co (coded HOM) has announced to make capital contribution of 45 percent of total capital or 810 billion dong for realising the vicem Urban Area project to be situated in an area of 120 hectares in Vinh City, Nghe An province. The total investment capital for this project is posted at 1.8 trillion dong.

In addition, the company’s management board also approved for establishing a new branch of Hoang Mai Mining Co in Nghe An province.

In the coming annual shareholders meeting to be held on April 29, 2011 the company will seek shareholders’ approval for the 2011 targeted year plan with total revenue of 1.6 trillion dong, pre-tax profit of 145 billion dong. The company has already submitted application profile for moving floor from HNX to Hochiminh Stock Exchange (STC).

 

Category: Business