Business

Song Da Corporation to make stock debut in 2015

After a two-year overhaul, the State-owned Song Da Corporation with its reputation for building hydroelectric plants across Vietnam will hold its initial public offering (IPO) in 2015, the company unveiled.
After a two-year overhaul, the State-owned Song Da Corporation with itsreputation for building hydroelectric plants across Vietnam will holdits initial public offering (IPO) in 2015, the company unveiled.

This year, the firm plans to produce 18.7 trillion VND (871.5 millionUSD) worth of commodities and earn 16.8 trillion VND (783 million USD)in revenue with pre-tax profits of 300 billion VND (14 million USD).

It has thus far prioritised self-promotion as well as domestic andregional auctions, targeting to secure contracts worth 7 trillion VND(326.2 million USD).

Founded in 1961, the Song Da Corporation has long operated in the construction sector and real estate.-VNA
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