Vietnamese Textile Enterprises Enter Into Real Estate And Securities Business
Thanh Cong textile clothing - investment and trade joint stock company (TCM) is listed on the stock exchange of Hu Zhiming, and the company plans to expand its business to real estate and securities brokerage.
Last week, the president of the company, Dinh Cong Hung, announced at a shareholder meeting that the construction of Thanh Cong Castle Apartments residences starts with 10000 square meters of land in the Tan Phu area of Hu Zhiming, starting before June.
Meanwhile, a 6.4 hectare Thanh Cong 2 castle will be built in the Tan Phu area and is scheduled to start next year. It will include housing, a vocational training school, a conference center, a business building and a cultural center. Other residential projects are in progress.
In May, Thanh Cong securities company will become a trading member of the Hu Zhiming stock exchange.
The company intends to issue 1000 million convertible bonds with a value of 100000 Vietnamese Dong ($6.20) to raise funds for this year's real estate projects.
//cn.
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