Monday, March 26, 2007

Nagakawa to list at Vietnamese stock market

The Japanese-invested electronic home appliance manufacturer, Nagakawa Vietnam, said it will increase its chartered capital this year and will join the stock market in 2008.
Nagakawa Vietnam will increase its chartered capital to 200 billion VND this year and to 1 trillion VND by 2010 to implement its project to build the Nagakawa Plaza in Ha Noi, General Director Nguyen Duc Kha said at a ceremony on Mar. 24 marking the company's five-year establishment.

Accordingly, Nagakawa Viet Nam will diversify its range of products and expand its markets to northern and Latin America alongside prioritising investment in finance and real estate .
Nagakawa Vietnam was established in 2002 as a joint venture between the Anh Vu International Economy Development Company and Japan’s Wako Group.
On Mar. 21, it completed the equitisation and became a joint stock company.

Its main products are air conditioners, fridges, washing machines, microwave ovens and vacuum cleaners.

Source: VNA

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