Construction materials company GAB lists on HCM City stock market

Friday, Jul 12, 2019 15:15

Lam Duc Toan (L), general manager of GAB, receives the listing licence from Tram Tuan Vu, deputy CEO of the Ho Chi Minh Stock Exchange. — Photo courtesy of HoSE

Global Asset Business Joint Stock Company (GAB) listed on the Ho Chi Minh Stock Exchange on Thursday at a reference price of VND12,000 (US$0.52) per share.

Established in 2016 and now with a charter capital of VND138 billion (US$5.94 million), the company’s main line of business is the manufacture of construction materials and trading in agricultural products such as cinnamon and tea.

Speaking at the listing ceremony, Tran Thi Thuy, the company’s chairwoman, said: “The listing of the company ... creates opportunities for the company to access various sources of finance at home and abroad.”

It is also a motivation to improve corporate governance and transparency, she added.

The company reported revenues of VND92.2 billion ($3.97 million) last year. — VNS

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