Photo shows DIC Holdings Construction's apartment project in Vung Tau City, Ba Ria-Vung Tau Province. — Photo dic.vn

The Ho Chi Minh Stock Exchange (HoSE) has approved the listing of DIC Holdings Construction JSC.

The company will list 30 million shares on the HoSE with code DC4, valuing the company at VND300 billion (US$12.93 million).

The debut price and date are still to be decided.

DIC Holdings Construction was founded in 1994 and operates in the fields of material trading, industrial construction, and project assessment.

The company aims to raise total production up 16 per cent year on year to VND650 billion in 2020.

Total revenue is forecast to jump 59 per cent year on year to VND650 billion and post-tax profit was slightly up 2 per cent on-year to VND26.2 billion.

Dividend payout rate set for 2020 is between 5 and 10 per cent. The firm also wants to up its charter capital to VND320 billion.

Among its outstanding property projects is the apartment building Chi Linh Centre 25 in Vung Tau City, Ba Ria-Vung Tau Province.

DIC Holdings Construction is listing 30 million shares on the Ha Noi Stock Exchange (HNX) as DC4. Its shares slumped 5.6 per cent to VND11,800 apiece on Tuesday. — VNS