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GEMADEPT PUTS US$18.7 MLN INTO NEW VIETNAMESE SUBSIDIARY

HCM CITY, May 09, 2008 (AsiaPulse via COMTEX) -- The Ho Chi Minh City Department of Investment and Planning granted a licence to develop the Saigon Commodity and Service Joint Stock Co (SCSC) with an initial charter capital of 300 billion VND (US$18.7 million).

The company, founded by Gemadept Joint Stock Company with a capital contribution ratio of 23 per cent, will trade in a range of commodities, including oil and gas, transport, and real estate.

(VNA)


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