Saigon Co.op affiliate debuts on UPCoM
Wednesday, January 11,2017AsemconnectVietnam - Saigon Co.op Investment Development JSC (SCID), a member of the Saigon Union of Trading Co-operatives (Saigon Co.op), made its debut on the market for unlisted companies (UPCoM) on January 9 with stock code SID.
The firm offered 100 million shares at the reference price of VND20,900 each. At the close of on January 9’s trade, SID soared 39.71% to VND29,200 a share.
The company has total chartered capital of VND1 trillion (US$44 million), which is 94.04% owned by Saigon Co.op. Its market cap stood at VND2.09 trillion based on the reference price on the fist trading day.
Before 2014, the company invested in the retail sector and operated Co.opmart stores. After its restructuring, SCID now concentrates on development and operation of commercial centers, real estate, and management of Saigon Co.op projects.
SCID’s commercial real estate projects are mostly in prime sites. The firm is carrying out a number of property projects in HCMC and the Mekong Delta province of Ca Mau.
SID has provided consulting services for developers of supermarkets in Vietnam over the past nine years and has played a pivotal role in the fast expansion of the Co.opmart supermarket chain.
The company has developed commercial centers that target low-income people. It has collaborated with other firms to operate SC Vivo City shopping mall in HCMC’s District 7.
In 2015, the enterprise attained revenue of VND244.5 billion, 1.5 times higher than in 2014. However, its after-tax profit reached VND97.5 billion, down from VND121.4 billion in 2014.
Source: thesaigontimes.vn
Business activities of steel companies in March 2024
Hoa Phat (HPG) sets a target of VND10,000 billion profit in 2024, paying 10% dividend
PV GAS (GAS) sets a growth target in 2024
Business activities of banks in March 2024
PVOIL (OIL) determined to complete the 2024 management plan of Vietnam Oil and Gas Group
Hoa Phat (HPG) supplied 518,000 tons of steel to the market in February 2024
ACB aims to increase profits by 10% and pay dividends of 25% in stocks and cash
MB expects profit growth of 10% in 2024
GELEX (GEX) target VND1,921 billion profits in 2024
Banks aspire to join billion-dollar profit club
Moody's upgrades outlook for Techcombank
Nam Kim Steel (NKG) plans to hold the 2024 Annual General Meeting of Shareholders at the end of April 2024
Vietnamese, Dutch firms sign aquaculture cooperation deal
Hoang Anh Gia Lai (HAG) expects durian to help revenue increase dramatically in the last 2 quarters of 2024
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
Students promote Vietnamese culture in Russia
The Vietnamese Students’ Association in the Peoples' Friendship University of Russia (RUDN) held an event called "Bamboo Legend” on ...Exhibition on General Vo Nguyen Giap opens in Nghe An
Da Lat festival: Classical music taken out of auditorium ...