Son Ha Group to list on HCM City exchange

VNStockNews.com - Son Ha International Co plans to list 15 million shares on the HCM City Stock Exchange on Wednesday. The reference price for the first trading day will be VND25,000 (US$1.4), with a fluctuation of plus/minus 20 per cent.

SHI has a charter capital of VND150 billion ($8.1 million).

The company specialises in household and industrial products. Its main business items are INOX basins, stainless steel pipes and kitchen equipment.

The company earned a net profit of over VND25.5 billion ($1.4 million) in the first nine months of this year, equivalent to 70 per cent of its annual target.

Earlier this year it set a revenue target of VND930 billion ($50.2 million) and a net profit target of VND35 billion ($1.9 million) for 2009.