(ĐN)- The Telecommunication Cables and Materials Company (SACOM), a member unit of the Vietnam Posts and Telecommunications Corporation (VNPT) held its annual shareholder’s meeting on March 10.
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| An employee inspects a production line at the Cable and Telecom Material Joint-Stock Company |
(ĐN)- The Telecommunication Cables and Materials Company (SACOM), a member unit of the Vietnam Posts and Telecommunications Corporation (VNPT) held its annual shareholder’s meeting on March 10. Shareholders were invited to vote on the approval of transforming and integrate 2 enterprises into SACOM including Telecommunication Materials Manufacturing Enterprise and Packaging Manufacturing Enterprise. This is included in SACOM’s strategy which plans to expand bigger scale presenting an even closer model to the idea of a "Corporation” in upcoming years.
SACOM plans to raise its chartered capital to VND 410 billion from the current VND 280.8 billion by the end of 2006. This year, the company continues to invest tens of billion dongs in new equipment. In 2006, SACOM expects to generate a nearly 30 per cent increase in production capacity and achieve VND 950 billion in its revenues as well as post a 5 percent increase in earnings over last year. The company announces that it will pay dividend for 2006 with a rate of 16 percent.
K. Loan
