DIC Corp applies for listing 60m shares on southern floor

VNStockNews.com - Ho Chi Minh Stock Exchange (HOSE) has announced that it has received the application for listing shares of Development Investment Construction Joint Stock Corp (DIC Corp) on the stock market.

DIC Corp, with chartered capital of 600 billion dong, is located at DIC Building, No 256 Le Hong Phong St, Ward 8, Vung Tau City, Ba Ria-Vung Tau province. The company registered to list all 60 million ordinary shares on STC. Standard Securities Joint Stock Co plays the part of listing consultancy agent.

DIC Corp's main scopes of business are investment and development of the new urban areas and industrial zones, trading houses and technical infrastructure of urban areas and industrial zones, carrying out civil and industrial construction works.

In 2009, the company has set targets of gaining 1.2 trillion dong in revenue, profit after tax of 330 billion dong and minimum 2009 dividend of 35 percent.

DIC Corp lately increased its chartered capital from 370 billion dong to 600 billion dong via offering shares to its existing shareholders and paying 2008 dividend in shares.

At present, DIC Corp has two subsidiaries that are listed shares on the market, namely DIC Investment and Trading Joint Stock Co (coded DIC) and DIC Joint Stock Co No 4 (coded DC4).