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ELCOM Meet Potiential Partners in Hongkong

Accepting the invitation of a number of leading companies and corporations in Real Estate and Mining in Hong kong, Elcom leaders delegation has come to meet and work in Hongkong in 3 days from 14 to 16/06/2010. Elcom representatives include Mr. Phan Chien Thang, Chairman cum CEO of Elcom Corp.; Mr. Nguyen Duc Thien, member of Board of Directors, Director of Elcom Industry JSC; Mr. Nguyen Thanh Son, member of Board of Directors, Director of Bac Kan New Materials JSC. and Mr. Nguyen Van Hoa, Director of Project Management Department.

Elcom leaders met and discussed with senior leaders of leading companies in Hongkong on business co-operation plans. In the field of real estate investment, potential partners of Elcom included Lai Sun Group, Lan Kwai Fong Holdings Limited. In the field of mining and mine ores, Elcom representatives worked with Element Commodities. The discussions focused on the topic of investment cooperation on constructing factory of non-ferrous metals in Vietnam. Element Commodities is one of businesses who is recognized, highly appreciated in undertaking the role in this investment field.

Senior leaders of both parties have opened many new business directions, in which both parties agreed on investment policies, business cooperation promotion, experience sharing and commitment on creating favorable condition for business cooperation in Vietnam in the near future.

Electronics Communications Technology Investment Developing Corporation (ELC) is a leading company specializing supplying telecom equipments and software for big operators, such as Vinaphone, Mobiphone, Viettel… In 2009, the company achieved total revenue VND 706,894 billion, up 119,43% compared to 2008, after tax profit reached VND 90,173 billion, up 144,04% compared to 2008. Earnings per share (EPS) reached VND 9,115 (calculated on average capital), up 80,17% compared to 2008.

With a strategy to dominate market with high turnover, profitability and stability in the future, Elcom has targeted to achieve revenue in 2010 reach VND 1,150 billion, up 62,68% compared to 2009, after taxes profit reach VND 158,9 billion, up 76,22% compared to 2009, dividends paid in cash at least reach 30%. In the year 2010, Elcom will conquer many big revenue milestones and other fields such as mining, real estate investment.

Lai Sun Group is an international real estate group well-known with many big projects. In Vietnam, this group has invested in luxury projects such as five-star Furama Resort in Danang and five-star Caravelle Hotel in Saigon.

Lan Kwai Fong Holdings Limited is a real estate company under Lan Kwai Fong Group who owns many works, hotels, restaurants, casinos…in Hongkong.

Element Commodities is a company in the fields of mining and mine ores based in Hongkong and has offices in all continents with functions of management, investment, exploitation of mineral resources globally. Element Commodities is financially supported by Wengfu Intertrade Limited Graceland Industry Pte Ltd. Element Com is capable of exploiting and processing large amount of materials, mining and investing in property along the global commodity supply chain.

Ending the trip, Elcom has received many interests from investors and companies in Hongkong. Mr. Phan Chien Thang, Chairman cum CEO of Elcom Corporation said : “This is an opportunity for Elcom in combining with investors to expand and further develop Elcom’s activities in the future.”

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