Viglacera Ba Hien Joint Stock, an affiliate of Vietnam Glass and Ceramics Corp., (Viglacera) held an initial public offering of 900,000, listed under the code BHV.
The shares were issued at a face value of VND10,000 per share. BHV has chartered capital of VND9 billion ($560,700) with the state holding 51 percent prior to IPO, company staff 8.38 percent and outside investors 37.51 percent.
The company has projected revenues of VND37 billion ($2.3 million) and will pay a dividend rate of 12 percent in 2008.
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