As the domestic market has been heavily affected by the COVID-19 pandemic, many small steel enterprises experienced a sharp decline in profit in the third quarter of 2021.
Pomina Steel Corporation (Pomina) plans to issue more than 36.33 million shares to raise its charter capital by 15 per cent to VND2.8 trillion (US$120.2 million).
Cement and steel consumption could rise 8 to 10 per cent in the first
half of 2014 against the same period last year, after declining in the
past few years.
Viet Nam''s listed firms had posted accumulated losses of over VND10.8
trillion (US$509.4 million) as of September 30, according to financial
information website vietstock.vn.
Thep Viet Manufacturing and Trading Company failed to buy the 6.29
million shares in steelmaker Pomina (POM) it had registered for and
could only buy 103,570 shares during the period lasting from June 10 to
July 9.