Vinavico makes debut session on October 1 at average share price of 25,500 dong

Vinavico Joint Stock Co (coded CTA) officially listed 8 million shares on Hanoi Stock Exchange (HNX) on October 1, 2010. After the debut session, the company’s share price was posted at 25,500 dong per share at average.

During the first trading session, the lowest price was 24,200 dong per share, and the highest one of 29,900 dong per share.

CTA was formerly known as Nam Viet Investment and Consultancy Joint Stock Co. The company changed its name to Vinavico in 2009. After the first four years of establishment to carry out white stone mining projects, Vinavico has increased chartered capital form 30 billion dong to 92 billion dong, of which the domestic shareholders owned 95.89 percent of total capital and foreign shareholders of 4.11 percent.

At present, the company was preparing to apply for investment licences in order to carry out exploitation works in white stone mines in Tham Then Mount, Tan Lap Dist and Khau Ca Mount, Luc Yen Dust, Yen Bai province. The company also planned to build the Calcium Carbonate in the industrial zone located in the south of Yen Bai City.

In 2010, the company planned to gain net revenue of 203 billion dong, after tax profit of 10.5 billion dong and dividend of 10 percent. The company was to raise chartered capital from 92 billion dong to 120 billion dong in 2011.

 

Category: Stocks