Vietnam-German Steel pipe maker to go public

Hanoi Securities Trading Centre (HaSTC) recently approved in principle the Vietnam-German Steel Pipe Joint Stock Co (VG PIPE) to list seven million ordinary shares at 10,000 dong par worth 70 billion dong on the northern bourse in the fourth quarter of the year.

During the first eight months of the year, VG PIPE gained 750 billion dong in total revenue, achieving 75% of the year’s plan, 24 billion dong in profit, 101% of the year’s target.

At present, VG PIPE’s products are exported to big markets in North America and the EU.

 

Category: Stocks