Vietnam Industrial and Commercial Securities Joint Stock Co (coded VIG) has recently announced that the company will officially invest 30 percent stake in Hanoi ICT Tower project at E9 land area, Pham Hung St, opposite to National Conference Centre, in Hanoi.
The project with total investment of 600 billion dong will include trade centre, securities trading floor and office for lease.
The work on the project is expected to be started in Q3 2010 and finished in 2012.
Once starting operation, the project is expected to bring 150-200 billion dong in profit for VIG.
As planned, VIG will hike chartered capital to 450 billion dong within this month to increase the company's finance capacity and carry out some issuing underwriting specifications and invest in founding shareholders such as Vinachem Vinapaco, Thanglong Invest Group, cooperate with Agribank Gold Corp (AJC).
In addition, the company plans to open more ten branches and securities transaction offices in Hanoi, HCM City and Da Nang.
VIG's shareholders' meeting recently passed a plan to pay 2009 dividend at 7.5 percent in cash (shareholders holding one share will receive 7,500 dong).
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