Weak finance-backed companies possess large land funds

January 15, 2023

HÀ NỘI — There are now many enterprises on UPCOM with small charter capital but a great amount of land funds. With low business performance and low stock market price, the businesses can become the targets of other big companies. A project of Bắc Qua Joint Stock Company is located on an area of 2,296sq.m at the intersection of Hàng Khoai – Nguyễn Thiện Thuật and the project of Lãng Yên Company is located at 21 Trần Khánh Dư. Before equitisation, in the 2012-14 period, CHS had profit after tax ranging from VNĐ80.3 billion to VNĐ102.3 billion per year. PCM achieved revenue of VNĐ51.2 billion, profit after tax was only VNĐ75 million in the year.

The source of this news is from Vietnam News