Hapaco to buy back 500,000-1m fund shares

Saturday, May 10, 2008
Hai Phong Paper Joint Stock Co (Hapaco) and its subsidiaries announced that they would buy back from 500,000 to one million HAP-coded shares to make fund shares, said the listed firm's chair Vu Duong Hien.

The company's shareholders' meeting also released the business result during the first four months of the year with a revenue increasing 43.87% and profit up 61.48% against the same period of last year.

In the period of 2008-2010, Hapaco has been investing in three big realty projects including 21-storey HAP-REE building, International Maternity Hospital project and Dinh Vu South industrial zone project.