Steel major Pomina to sell two mills for $272 mln to pay debts

Steel major Pomina to sell two mills for $272 mln to pay debts

Vietnamese steel firm Pomina plans to sell its Pomina 1 and Pomina 3 plants to a domestic investor for VND6.7 trillion ($271.7 million).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam steel maker SMC targets $3.3 mln profit in 2024

Vietnam steel maker SMC targets $3.3 mln profit in 2024

Steel manufacturer SMC Trading Investment JSC has set a goal of earning VND80 billion ($3.3 million) in profit in 2024, a positive figure compared to a serious loss of VND586 billion ($24.15 million) recorded in the first nine months of 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steel producer Pomina battles mammoth debts

Steel producer Pomina battles mammoth debts

Vietnamese steel firm Pomina has found itself in a crisis with VND2.2 trillion ($90.67 million) and VND922 billion ($38 million) in overdue bank and supplier debt respectively, and many of its owners have had to sell millions of shares to clear debts with suppliers.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

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