Vitcostone finishes selling 750,000 shares to Beira Limited

Friday, June 20, 2008
The Vitcostone high-class Ashlar Facing Stone Co (Vitcostone), a joint venture between Vinaconex Joint Stock Co and Australia-based WK Marble & Granite PTY Co, recently announced that it finished selling 750,000 shares with the price of 45,000 dong per share and 100 billion dong of convertible bonds to Beira Limited-owned by DWS Viet Nam Fund Limited whereby Beira Limited will become the Vitcostone's strategic shareholder.

Vitcostone operates in such fields as construction materials business and production, minerals processing and exploitation and goods transportation services business. The company's products mainly are to export to overseas markets.

During the first five months of the year, Vitcostone made a revenue of over 147.7 billion dong, equalling to 40.91% of the year's plan, and over 35 billion dong from after tax profit or 50.43% of the year's target.