Ministry to auction stake at Bach Dang Construction Corporation

The Ministry of Construction will auction all of its stake, equivalent to over VND205 billion (US$8.97 million) or 94.61% of total shares, at Bach Dang Construction Corporation – JSC on June 18.

ministry to auction stake at bach dang construction corporation hinh 0

The auction will be held at the Hanoi Stock Exchange, and the starting price is VND13,300 per share, the exchange said.

The firm has charter capital of more than VND217 billion (US$9.49 million) at present. 

The Bach Dang corporation has one subsidiary, Bach Dang 201 Construction JSC, and owns 55.31% of the capital in this firm. It also owns between 4 and 37% of the capital of 20 associated companies.

In 2018, Bach Dang Construction Corporation targets over VND3.56 trillion (US$155.75 million) in revenue and VND20 billion (US$875,000) in post-tax profit, up 60.82% and 35.6% from last year, respectively.

It is operating in industrial structure construction; irrigation; post; airport; ports; urban and industrial park infrastructure; housing, rail and road infrastructure building; and property business.