Cement finance JSC to debut
06-SEP-2008 Intellasia | Thoi Bao Kinh Te Vietnam page 3
Sep 6, 2008 - 7:00:00 AM
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Cement Finance Joint Stock Co (CFC), one of Vietnam's first finance companies established under the finance joint stock company model is to make its debut today September 5 in Hanoi.
CFC with a chartered capital of 300 billion dong includes three founding shareholders namely Vietnam Cement Industry Corp (Vicem) with 40% stake, Vietnam Steel Corp (VSC) 10% and the Bank for Foreign Trade of Vietnam (Vietcombank) 11%.
In addition, International Transportation Joint Stock Co also contributes 20% to CFC's chartered capital together with other investors.
CFC will operate in the financial and monetary fields with main services such as capital mobilisation, credit activities, discount and rediscount activities, mortgage service of commercial paper and other valuable papers and consultancy and investment activities.
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