SCG construction will have the first trading session on April 12, with a total registered volume of 50 million shares
The Hanoi Stock Exchange announced that SCG Construction JSC (Ticker: SCG) will be traded for the first time on the UPCoM system since April 12. Registered trading volume is 50 million shares, equivalent to a charter capital of 500 billion VND.
Reference price on the first trading day is 20,600 dong / share, equivalent to a valuation of 1,030 billion dong. With a fluctuation range of 40% on the day of listing, stock price will fluctuate in the range of 12,360 – 28,840 VND / share.
Construction SCG was established in 2019, main activity in the construction field mainly for the projects of Sunshine Group. The company now has 600 direct workers and more than 4,000 indirect workers.
Since its establishment, SCG Construction has been assigned to construct a number of large-scale projects such as Sunshine Diamond River (total investment of nearly 5,000 billion), Sunshine Crystal River (5,200 billion) Sunshine City Saigon (1,254) Billion).
In 2020, the size of the company skyrocketed when it recorded revenue of 1,420 billion dong and after-tax profit of 90 billion dong, dozens of times that of 2019 when it first came into operation. The company said that this result, thanks to the very competitive bidding price, was given priority by Sunshine Group to be the general contractor for the construction of works.
In 2021, SCG sets a revenue target of 5,000 billion VND, 3.5 times more than the result of 2020; in which, revenue is confined to nearly 5,300 billion VND from signed projects. The revenue target in 2022 is 10,000 billion VND.
Some major projects that this construction company will implement in the coming time include Heritage Resort Phuc Tho (7,784 billion VND), Villa area of Hon Rom (1,379 billion VND), Wonder Villa and Sunshine International School. (1,068 billion), Green Iconic (805 billion).
Source: ndh.vn – Translated by fintel.vn