KSH invests VND 130bln in Gia Huy

The KSH Investment & Development JSC has invested VND 130billion in the Gia Huy Investment & Trade Services JSC.

In 2015, the KSH announced its revenue reached VND 100.7billion, accounting for 36 percent of its target (VND 280billion). Net profit was VND 6.8billion.

This year, the KSH has set a target to achieve a revenue of VND 150billion with net profit of VND 16billion. For the first quarter of this year, the KSH announced to profit VND 200.4million.

The Duc Long Gia Lai Group (DLG) has approved its plan to issue 199.19 million shares to sell to its current shareholders with a cost of VND 10,000 per share.

It aims to increase its capital for investment in the Duc Long Gia Lai Real Estate Company (VND 600billion) and the Duc Long Gia Lai Construction Company (VND 300billion) and the Quang Phu Beef farm (VND 800billion).

DTTC-Translated by T.Tran

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