HCMC – An Giang Plant Protection Joint Stock Company, one of the country’s leading producers of agricultural drugs, is on process to trade shares on the Hochiminh Stock Exchange, said the company’s chairman and CEO.
Huynh Van Thon said that the firm was finalizing procedures to trade shares on the southern bourse and expected to officially get listed next February.
The company has chartered capital of VND310 billion, with a 30% stake held by the State Capital Investment Corporation (SCIC). The company has plans to double its chartered capital this year.
At this time, the company’s share on the OTC market is traded about VND70,000-80,000.
Last year, the firm obtained a pre-tax profit of VND390 billion. It’s annual target set pre-tax profits at VND290 billion for this year, but the company’s CEO said the figure would reach VND320 billion.
At this time, the company is pursuing two projects, one being to purchase rice from farmers and the other aimed at leasing 10,000 hectares of land in Cambodia for biotechnology research. These two projects are part of its long-term strategy of providing a plant protection package solution for farmers from soil, seed, to collecting and processing rice.
