On January 15, 2019, 100 million shares of Sonadezi Chau Duc JSC were officially listed on HOSE with stock code SZC.
On the first trading day, SZC offered VND 12,500 per share, equivalent to a capitalization of about VND 1,250 billion. In the first trading session, SZC received VND 15.000 per share in the call auction.
Mr. Pham Xuan Bach – Chairman of Sonadezi Chau Duc JSC receives the decision for SZC stocks to be listed on HOSE
Sonadezi Chau Duc operates in the fields of industrial zone infrastructure and invests in Chau Duc industrial zone – urban area – golf course complex project and BOT project on road 768. Chau Duc industrial zone – urban area – golf course complex covers an area of 2,287 hectares in Ba Ria – Vung Tau and serves as one of the leading large-scale industrial and urban areas in the country. This is a project that promotes Sonadezi Chau Duc’s development, contributes to making SZC stocks to be seen as one with significant growth potential
As of December 31, 2018, besides 377 hectares of leased industrial land, Sonadezi Chau Duc signed 15 land lease agreements for the lease of land of about 55.14 hectares.
Currently, the net revenue of Sonadezi Chau Duc mainly comes from 5 business lines which are land leasing, industrial zone infrastructure management, supervision services, sports services (golf courses in Bien Hoa 2 Industrial Zone, Bien Hoa city, Dong Nai province) and toll road operation. The revenue from land leasing and toll road operation contributes a large part to the Company’s net revenue.
Sonadezi Chau Duc is a subsidiary of Sonadezi Corporation established on June 26, 2007. Sonadezi Chau Duc initially was called the Sonadezi Infrastructure Development JSC with the charter capital of VND 110 billion. On September 15, 2007, Sonadezi Infrastructure Development JSC increased its charter capital and changed its name to Sonadezi Chau Duc JSC.
In December 2014, the Company issued shares to increase the Company’s charter capital from VND 700 billion to VND 1.000 billion. In 2016, considering the well-performed business activities that would promote the company’s development as well as the company’s abilities in meeting financial and corporate governance requirements, the Company’s Board of Directors decided this was the time for SZC stocks to be listed on the stock exchange. This decision received the approved of all the shareholders in the 2018 Annual General Meeting of Shareholders.
According to the leader of Sonadezi Chau Duc JSC: “The event that SZC stock was listed on HOSE marks a new stage of business growth and aligns with Company’s strategies and plans for its further development. This also marks an important milestone on Company’s path toward sustainable development and motivates SZC to work harder, therefore, SZC, in turn, will contribute greatly to the development of the Southeastern economic region and live up to the expectations of the founders and shareholders who have been with SZC since the inception. SZC sees the listing as an excellent opportunity for SZC to attract more investors.”
In 2019, SZC aims to grow its revenue by 10%, achieving VND 335 billion in revenue and VND 104 billion in profit. Especially, in Chau Duc Industrial Zone that covers an area of more than 500 hectares, infrastructure, and technical items construction is completed. Therefore, Chau Duc Industrial Zone is expected to attract a large number of investments in 2019 and contribute to the development of Sonadezi Chau Duc.
