Sudico establishes a construction material firm

VNStockNews.com - Sudico Construction Material Investment and Development Joint Stock Co (Sudico M) was established on February 3 under the decision issued by the management board of Song Da Urban & Industrial Zone Investment and Development Joint Stock Co (Sudico).

The new company's chartered capital was posted at 30 billion dong, in which Sudico contributed 26 percent of the total, Sudico An Khanh Co Ltd of 10 percent, Sudico Tien Xuan Co Ltd of 10 percent and the rest of 54 percent of total chartered capital was distributed by strategic shareholders, the company's staff and other investors.

Sudico-M has major business lines of trading construction materials, interior decorating equipment, machines, equipment and spare parts, trading motorbikes and cars, producing cement and other services.