VNStockNews.com - Cuu Long Petro Urban Development and Investment Joint Stock Co (PVCL) announced to officially list 25 million shares on Hochiminh Stock Exchange (STC) on March 3, 2011 under the share code of CCL. It's considered the investment opportunities in the largest urban area development project in Soc Trang province.
The company was granted the business registration licence on December 5, 2007 by Soc Trang province planning and investment department. The company has chartered capital of 250 billion dong, with founding members of large companies such as Ut Xi Seafood Processing Joint Stock Co, PetroVietnam Joint Stock Financial Co (PVFC), Saigon-Mien Tay Beer Joint Stock Co, Refrigeration Electrical Engineering Joint Stock Co (REE) and Human Resource Co Ltd
In the first nine months of 2010, the company reported gaining net revenue of 112.7 billion dong, and after tax profit of over 23.2 billion dong.
At present, the company is concentrating on carrying out the first phase of Area 5A project, a new urban area and resettlement quarter in Soc Trang province. The construction work was expected to last from 2007 to 2011, including technical infrastructure facilities and quarters to supply houses for resettlement households. In addition, PVCL has also developed other large-scale projects such as Tran De Port Urban Area (34.87 hectares) and Co Co Market trading quarter.
