Weak finance-backed companies possess large land funds

HÀ NỘI — There are now many enterprises on UPCOM with small charter capital but a great amount of land funds. With low business performance and low stock market price, the businesses can become the targets of other big companies. A project of Bắc Qua Joint Stock Company is located on an area of 2,296sq.m at the intersection of Hàng Khoai – Nguyễn Thiện Thuật and the project of Lãng Yên Company is located at 21 Trần Khánh Dư. Before equitisation, in the 2012-14 period, CHS had profit after tax ranging from VNĐ80.3 billion to VNĐ102.3 billion per year. PCM achieved revenue of VNĐ51.2 billion, profit after tax was only VNĐ75 million in the year.