The Vietnam National Chemical Corporation (Vinachem) has said that its nine companies will be listed in the stock market in 2007.
They are equitised companies that the state still holds control, including: the Southern Rubber Industrial JS Company, Gold Star Rubber JS Company, Vietnam Antiseptic JS Company, Ninh Binh Phosphate JS Company, Tia Sang Battery JS Company, Phuong Dong Trade JS Company, Can Tho Fertiliser and Chemical JS Company, Viet Tri Chemical JS Company and Hanoi Detergent JS Company.
Last year two unit members of Vinachem, the Da Nang Rubber JS Company (DRC) and the Southern Battery JS Company (Pinaco), quoted their shares on the HCM City Securities Trading Centre.
The prices of DRC and Pinaco are now 2-5 times more than their face values.
Source: VNE
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