The SMC Trade Investment Joint Stock Company has become the first enterprise of the steel industry to join the HCM City Securities Trading Centre. The company floated 37,970 shares, code SMC, worth 1.21 billion VND (75,600 USD) on the first trading day on Oct. 30.
SMC is a distributor and outsourcer of iron and steel, with a capacity of more than 200,000 tonnes and a turnover of almost 2 trillion VND (125 million USD) per year. Its products are used in civil and industrial construction projects.
In 2006, the company issued 2.25 million shares to raise its chartered capital to 60 billion VND (3.7 million USD).
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