Vietnam Machinery Installation Joint Stock Co No. 18 (Lilama 18) December 8 reached a deal worth VND108 billion with Ha Tien 1 Cement Joint Stock Co to install the production line of Binh Phuoc cement factory, local Labor newspaper said Monday.
Lilama 18 will carry out the work within 12 months, which will churn out two million tons of clinker each year.
Ha Tien 1 planned to sell an additional 24 million shares to raise fund for the cement project.
Ha Tien 1 Cement JSC said its netted profit of VND55.6 billion ($3.4 million) in the first nine months this year. It obtained revenues of VND1.54 trillion in Q3.
HT1 shares closed at VND48,000 each December 10, down 6.8% from early last week, on 81,510 shares changed hands.