|The Ministry of Construction will auction its stakes at Bạch Đằng Construction Corporation JSC on June 18. — Photo enternews.vn|Viet Nam News
HÀ NỘI — The Ministry of Construction will auction its stakes at Bạch Đằng Construction Corporation JSC on June 18.
The entire stake is equivalent to more than VNĐ205 billion (US$8.97 million), or 94.61 per cent of total shares.
The auction will be held at the Hà Nội Stock Exchange, and the starting price is VNĐ13,300 per share, the exchange said.
Currently, the firm has a charter capital of more than VNĐ217 billion ($9.49 million).
Bạch Đằng Construction Corporation has one subsidiary, Bạch Đằng 201 Construction JSC, and owns 55.31 per cent of the capital in this firm.
It also owns between 4 and 37 per cent of the capital in 20 associated companies.
In 2018, Bạch Đằng Construction Corporation targets more than VNĐ3.56 trillion ($155.75 million) in revenue and VNĐ20 billion ($875,000) in post-tax profit, up by 60.82 per cent and 35.6 per cent from last year, respectively.
The company operates in industrial structure construction; irrigation; post; airport; ports; urban and industrial park infrastructure; housing, rail and road infrastructure building as well as property business. — VNS