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Vietnam: Eurowindow to float in January 2008

Vietnam“s top door and window maker Eurowindow, valued at about USD 100 million, plans to float on the Ho Chi Minh Stock Exchange in January 2008, traders said on 26 November 2007.
The Hanoi-based c…

Vietnam“s top door and window maker Eurowindow, valued at about USD 100 million, plans to float on the Ho Chi Minh Stock Exchange in January 2008, traders said on 26 November 2007. The Hanoi-based company expected earnings of VND 60 billion (USD 3.7 million) in 2007 on revenues of VND 300 billion, stock traders in Hanoi said. Eurowindow, which dominates the Vietnamese market for high-end plastic doors and windows, sold a stake of about 10% for USD 10.7 million to an investment fund owned by Denmark“s BankInvest in the week ending 25 November 2007, said traders who attended the signing ceremony for the deal.

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