Hochiminh Stock Exchange (STC) announced that December 9 would be the debut session of PetroVietnam – Idico Long Son Industrial Park Joint Stock Co.
Accordingly, the company, with chartered capital of over 827.222 billion dong will officially list its 87.722 million shares on southern bourse. The PetroVietnam Securities Joint Stock Co (PSI) was the consulting agent.
Idico Long Son was established on August 9, 2007 with three founding members of PetroVietnam Construction Joint Stock Corp, Vietnam Urban and Industrial Zone Development Investment Corp and PetroVietnam Technical Services Joint Stock Corp (PTSC).
In 2009, the company reported reaching total revenue of 75 billion dong, pre-tax profit of 65.9 billion dong and after tax profit of 54.228 billion dong.
This year, Idoco Long Son targeted to gain whole year revenue of 529.457 billion dong, pre-tax profit of 81.885 billion dong, after tax profit of 63 billion dong and pay dividend at 7 percent.