Business

Gia Dinh Textile and Garment to launch IPO

Gia Dinh Textile and Garment one-member limited company (GIDITEXCO) will launch the auction of 15 million shares in its initial public offering on the HCM Stock Exchange on March 18.
Gia Dinh Textile and Garment to launch IPO ảnh 1Based in HCM City, the State-owned Giditexco specialises in production and import and export of products, machinery and equipment for the textile and garment industry. (Source: sggp.org.vn)


Hanoi (VNA) - Gia Dinh Textile and Garment one-member limited company (GIDITEXCO) will launch the auction of 15 million shares in its initial public offering on the HCM Stock Exchange on March 18.

The shares will be offered for a starting price of 10,200 VND (45 US cents) each.

Based in the country’s economic hub Ho Chi Minh City, the State-owned Giditexco specialises in production and import and export of products, machinery and equipment for the textile and garment industry.

The company, which has two subsidiaries and 12 joint ventures in Vietnam, is estimated to have a charter capital of more than 627 billion VND (28 million USD) after equitisation.-VNA

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