PHR withdraws capital from stock investment activities

Phuoc Hoa Rubber Joint Stock Co (coded PHR) has lately worked out the plan for withdrawing the capital from stock investment sector this year with the goal of retrieving the loss of 16.5 billion dong by the end of 2011.

In the company’s investment portfolio, there were three codes that may bring in profit including SHB, CSM and IJC. Therefore, PHR plans to offload all the holdings. Apart from GTA-coded shares, the remaining stock would be offloaded within 2012. The rubber firm would not make investment in the stock market in the near future, but focus on the core business sectors.

This year, PHR would plant additional 2,000 hectares of rubber trees in Cambodia, after finishing plantation works of 5,000 hectares there. With such progress, the rubber firm would finish the rubber plantation project of 9,100 hectares in Cambodia by the end of 2013.

 

Category: Stocks