Gia Lai tourism and culture firm to list shares on HaSTC

Tuesday, April 22, 2008
Hanoi Securities Trading Center (HaSTC) on April 18 approved in principle for Gia Lai Tourism and Culture Joint Stock Co (Gia Lai CTC) to list shares on the northern bourse.
Under it, Gia Lai CTC with a chartered capital of 23.762 billion dong, of which state holds 19.8% and the remaining 80.2% belonging to the company's shareholders, will list 2,376,200 shares at 10,000 dong par.
Gia Lai CTC was established in 1975 with main functions of trading and publishing films and other free communication programmes to serve tribesmen in remote areas. The company made its equitisation in December 2004 and change name to Gia Lai Tourism and Culture Joint Stock Co specialising in trading and publishing books, stationeries, restaurants, hotels, entertainment areas and tourism transportation.
In 2007, the company reached 58.702 billion dong in revenue, 2.914 billion dong from after tax profit and paid dividend of 17%.
This year, the company targets to earn 100 billion dong in revenue, 7.056 billion dong from after tax profit and pay 17% dividend.