In related development, Viet Fashion Company – a garment producer owning the Ninomaxx brand casual wear brand is set to go public this August, mobilizing funds for business expansion in and across Vietnam’s border.
It will scale up its chartered capital to VND80 billion from he current VND16 billion by its owned equities before it goes public.
The fashion company plans to sell a 20% stake to outsiders [after increasing capital] via an auction in August.
It now runs 50 privately owned shops and 30 agents nationwide and two shops in the US and set this year turnover of VND150 billion.
Last year the firm earned VND100 billion in sales and over VND2 billion in pre-tax profit.
Source: Thanh Nien
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