HUD-Tasco to go public

Saturday, April 12, 2008
HUD-Tasco to go public
5.5 million HUT-coded shares of Tasco Joint Stock Co (Hud-Tasco) is to be officially traded on the Hanoi Securities Transaction Centre (HaSTC) today April 11, marking the first company in the Urban and Housing Development Investment Corp (HUD) listing shares on the Vietnamese securities trading floor.
After the list, Tasco plan to offer more shares to draw investment capital for its projects and seek business partners.
At present, the company is carrying out some BOT, BT and BOO projects like the project to expand the national road No 10 and the project to build Nam Dinh-My Loc route.
In Hanoi, Tasco is preparing to start construction on building the route from Le Duc Tho to Xuan Phuong new urban area under the model of BT contract.