The Housing and Urban Investment and Development Co (UIC) on Monday became the 123rd company on list on the HCM City Stock Exchange.
The Housing and Urban Investment and Development Co (UIC) on Monday became the 123rd company on list on the HCM City Stock Exchange.
The reference price was VND67,000 with a 20 per cent fluctuation permitted on the opening day. It closed the session at VND80,000, with more than 117,000 shares traded.
The company has a chartered capital of VND80 billion (US$5 million) with the State holding 51 per cent. It operates in sectors like housing, urban infrastructure, industrial parks, and power generation.
"The listing offers us opportunities to raise funds for projects like residential areas, IP infrastructure, and power stations," UIC’s general director Vu Cong Khai said.
The company is working on several property projects including a 15ha apartment block in
Together with the Binh Duong-based Tin Nghia Corp. it is setting up a joint-stock firm that will build the 500ha Loc An-Binh Son IP project in Dong Nai.The new firm will also build the Long Son Industrial-Urban-Service Complex project in Ba Ria-Vung Tau and a 750 MW thermal power plant in Nhon Trach, Dong Nai, jointly with PetroVietnam.
In the first nine months UIC made a net profit of almost VND16 billion. It will pay a 20 per cent dividend this year to shareholders.
(Source: VNS)
