Satra’s charter capital to reach VND 10trillion after equitization

Ms Le Minh Trang, General Director of Saigon Trading Group (Satra) said on November 1 that 19 years ago, Satra had total capital of VND 893billion however this figure has been increased year on year and it has gained VND 6,800billion so far. Satra expects to reach VND 10trillion after equitization.

Ms Trang reported this at the meeting to celebrate the 19th anniversary of its establishment.

At present, Satra’s revenue and profit have increased an average of 10 percent per year and its market share has also been extended; staff’s life is stable and it is result of Satra’s restructuring process, Ms Trang added.

Ms Trang said also that Satra is calling for investment capital to carry out some major projects such as moving and changing technology for Vissan manufactory; investing and enlarging Binh Dien wholesale market; developing Satra’s industrial complex area named Tax Plaza which is estimated to invest VND 20trillion.

H.Hiep –Translated by M.Quyen

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