VICS plans to increase chartered capital to 350b dong

Nguyen Phuc Long, general director of Vietnam Industrial and Commercial Securities Joint Stock Co (VICS) announced that the company was preparing all the necessary procedures in order to list shares on Hanoi Stock Exchange (HNX) in Q4 of 2009.

As planned, VICS would increase its chartered capital from 150 billion dong to 350 billion dong and to open additional five transaction offices in all over the country.

In Q3, VICS reported to gain pre-tax profit of over 9.1 billion dong, equal to 126 percent of the year plan. Its accumulative revenue from brokerage services in the first nine months, surpassing 72 percent against the year plan. At present, the company has over 5,200 stock accounts, with market share of 1 percent, increasing by 10 times in comparison with that of last year.

 

Category: Stocks