Việt Nam News

Screw manufacturer plans HOSE listing

October 05, 2017 - 08:00

Seoul Metal Vietnam Joint Stock Company (SMVC) is completing essential documents to seek a listing on the HCM Stock Exchange, expected to start trading this October, the company has announced.

Seoul Metal Vietnam Joint Stock Company (SMVC) is completing essential documents to seek a listing on the HCM Stock Exchange, expected to start trading this October.– Photo tinnhanhchungkhoan.vn

HÀ NỘI – Seoul Metal Vietnam Joint Stock Company (SMVC) is completing essential documents to seek a listing on the HCM Stock Exchange, expected to start trading this October, the company has announced.

Founded in 2008, the company has a charter capital of VNĐ145 billion (US$6.4 million), equivalent to 14.5 million shares. China-based Seoul Metal (H.K) Co Ltd, a subsidiary of Global SM Tech Ltd, is the biggest stakeholder with a 30.98 per cent, while its parent company holds 14.41 per cent.

State Capital Investment Corporation (SCIC) and EVN Finance own 10.65 per cent and 6.37 per cent, respectively.

SMVC manufactures nails and micro screws for production of mobile phones, printers and cameras. Its largest client is Samsung, which accounts for 75 per cent of its revenue, followed by another Korean company, LG, with 11 per cent.

SMVC’s CEO Cha Gyun Young said during a roadshow on Monday that the listing is designed to help the company increase the localisation rate in production and mobilise capital for its expansion plan, including buying machines and enlarging business scale. – VNS

Tags listing Seoul Metal Vietnam

Thái Bình enjoys another successful year in FDI attraction

Economy

Cao Bằng, China’s Baise city forge stronger economic ties

Economy

Unlocking cooperation potential

Economy

Compliance with EUDR offers long-term benefits to rubber industry

Economy

Việt Nam remains prime destination for Malaysian investors: MBCV

Economy

Premium shopping event launched in Vũng Tàu City

More on this story

Economy

Pinaco plans strategic partnership with Furukawa Battery

Dry Cell and Storage Battery JSC (Pinaco) is seeking shareholders’ approval to choose Furukawa Battery Co Ltd as its strategic investor.

Economy

VN Index bounces on blue chips

Shares rebounded strongly on the HCM Stock Exchange on Wednesday as large-cap stocks returned to positive territory following the index’s three-day decline.

Economy

Remittance to HCMC reaches $3.38b in 9 months

Overseas remittance flowing into HCM City until the end of September rose 12.5 per cent month-on-month to nearly US$3.38 billion.

Economy

Cần Thơ hosts events to attract Japanese investors

Two important events will be held in the southern city of Cần Thơ, this month and next month, with the aim of luring more investment from Japan.

Economy

Mercedes-Benz go on sale in Vinh City

Mercedes-Benz Việt Nam (MBV) and Vinamotor Nghệ An Ltd have invested in a US$7-million showroom and service centre in the southern province of Nghệ An’s Vinh City.

Economy

Sóc Trăng to host business trade link conference

Representatives of businesses from across the country will gather at the “2017 Trade Links Conference VACOD - Sóc Trăng” held in the southern province of Sóc Trăng on October 14 and 15.

Economy

Gemadept sells majority stake in two subsidiary firms

Gemadept Corporation (GMD) has completed the transfer of capital in its two subsidiary firms to Korean CJ Logistics Corporation, the Vietnamese company has announced.

Economy

Survey reflects optimistic business outlook for Q4

Việt Nam's enterprises feel positive about the business climate for the fourth quarter, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment.

Economy

Gov’t to establish agency to manage State assets

The Government of Việt Nam plans to establish a special agency to act as the ownership representative of State capital at State-owned enterprises by 2018.