News Release : 2012
Equity investment in SMC Trading Investment Joint Stock Company
Hanwa purchased 5% of shares issued by SMC Trading Investment Joint Stock Company on May 23, 2012,(hereafter shown as SMC), whose headuater is situated at Hochimincity in Vietnam.
SMC’s company profile is as follows.
|Address||396, Ung Van Khiem, Ward 25, Binh Thanh district, HCMC|
|Managing Director||Mr.Nguyen Ngoc Anh|
|Share listing||October in 2006 in Hochimin Stock Exchange Market|
|Scope of business||Manufacturer and trading of steel and metal products.
Planning and construction of industrial, private, traffic facilities, water irrigation facilities and logistics
|Capital||VND 295,183,610,000 (JY.1,092,179,357)|
|Net worth||VND 570,812,668,740 (JY.2,112,006,874)|
|Turnover(2011)||VND8,939,764,739,036 ( JY.33,077,129,534)|
|Ordinary profit(2011)||VND 86,873,900,099 (JY.321,433,430)|
Number of shares purchased
Purpose of investment and future strategy
Hanwa galvanized a business alliance with SMC by obtaining their shares and will intend to expand business field to steel structurals, steel sheets & plates and wire rods. We will have an easier access to Japanese general construction companies and fabricators for supply of steel products and construction materials by using d SMC’s warehouses and processing facilities. We can focus on Japanese endusers as well. Hanwa is now entitled to be member of BOM(Board of Management). We will expect SMC to be strategic partner in near future.