Tuesday, August 08, 2006

Comeco to start trading today

HCM CITY — The Petroleum Material Joint Stock Co (Comeco) will join the Vietnamese stock market today.Comeco will float 3.4 million shares, coded COM, worth a total of VND34 billion (US$2.1 million) on its first trading day at the HCM City Securities Trading Centre.Comeco was established in 2000 with an initial chartered capital of VND25 billion ($1.5 million), a figure that has since been raised to VND34 billion. The company issued an additional 900,000 shares in June 2005.The company specialises in civil and industrial construction; leasing offices and warehouses; importing and exporting petroleum, gas, chemicals, petrol station equipment; and logistics.

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