Lilama 18 makes debut session on southern bourse

Lilama Joint Stock Co No 18 (coded LM8) under Vietnam Machinery Installation Corp (Lilama) officially list 8.05 million shares on the Hochiminh Stock Exchange (STC) on November 15, 2010 with comparative price of 19,000 dong per share.

The company was one of the large contractors in Dung Quat Oil Refinery Complex project.

To be established in 1977, Lilama 18 was formerly known as Machinery Installation Co No 8. After over 30 years in operation, the company has increased chartered capital to 80.5 billion dong, of which the parent company (Lilama) holds 51% of the total shares.

The company mainly operates in industrial construction, power transmission lines, producing and trading materials, steel structure for construction purposes, leasing offices and trading real estates.

In the first nine months of 2010, the company has reported total asset value of over 639 billion dong, of which ownership capital counted for 119 billion dong, and net revenue of 369 billion dong and after tax profit of 16 billion dong, fulfilling over 91% of the year plan.

In the early months of 2010, the company signed important construction agreements such as construction contract worth 404 billion dong with Toroshima Co, the 89 billion dong contract signed with Ha Tien Cement Joint Stock Co No 1 (HT1), the construction agreement with Ha Tien 2 Management Board with total contract value of 439 billion dong.

In the future time, Lilama 18 targeted to become Vietnam’s leading company in term of machinery installation and industrial equipment production.

 

Category: Business