Establishment History:
- Northern Textile and Garment Joint Stock Company (TEXTACO), formerly known as the Garment Fabric Corporation under the Ministry of Trade, specializes in manufacturing and trading of garment fabrics.
- On May 27, 1957, the State decided to establish the Cotton Fabrics Corporation under the Ministry of Trade - Democratic Republic of Vietnam, then changed it to the Cotton Fabrics Department (December 8, 1960), the Garment Fabrics Department (July 16, 1962), and the General Corporation. garment fabric (November 24, 1970). From February 22, 1995, it changed to Domain Fabric and Garment Company.
- In 2004, Northern Garment Fabric Company implemented equitization according to Decree 187/2004/ND - CP of the Government on converting a State-owned Company into a Joint Stock Company. On October 6, 2004, the Ministry of Trade issued Decision No. 1439/QD - BTM approving the equitization plan and converting the Northern Garment Fabric Company into a Joint Stock Company. By July 2005, the company officially operated as a Joint Stock Company with a charter capital of 23,000,000,000 VND.
- On February 4, 2007, the annual shareholders' meeting of Northern Textile and Garment Joint Stock Company approved a plan to issue shares to increase charter capital by 20% (charter capital) of VND 4.6 billion by distribution method on the number of existing shares held by shareholders, increasing charter capital. up to 27,600,000,000 VND .
- On February 16, 2008, the annual General Meeting of Shareholders of Northern Textile and Garment Joint Stock Company approved a plan to issue additional shares to increase charter capital by paying dividends in shares to existing shareholders and issuing shares to existing shareholders and employees in the Company, increasing the charter capital. charter capital to 42,889,780,000 VND and issue 100,000 1-year convertible bonds with par value of 100,000 VND/bond.
- On December 3, 2008, the annual shareholders' meeting of Northern Garment Fabric Joint Stock Company approved the plan to issue additional shares to increase charter capital by the method of issuing bonus shares, increasing charter capital from VND 42,889,780,000 to VND 42,889,780,000. 47,029,400,000 VND.
- According to the plan to issue convertible bonds of Northern Garment Fabric Joint Stock Company according to the offering registration certificate No. 325/UBCK-GCN issued by the State Securities Commission on September 4, 2008, on September 30, 2009, the Company issued Converted 100,000 Textaco bonds into common shares at a ratio of 1:10 (one bond into 10 shares), officially raising the Company's charter capital to 57,029,400,000 VND.
- On October 28, 2009, Northern Textile and Garment Joint Stock Company consulted shareholders in writing through the listing of an additional 1 million shares converted from these convertible bonds.
Line of business:
- Manufacturing, importing and exporting textiles, garments, cotton, fabric, yarn, dyes, chemicals (except state-banned chemicals), leather and imitation leather goods, electrical appliances, raw materials, auxiliary materials, machinery and equipment, agricultural and forestry products, food, fisheries, construction materials, paper and office product;
- Construction and business of warehouse, factory, office services;
- Consumer goods sales.
Address: 79 Lac Trung, Vinh Tuy Ward, Hanoi City
Phone: 024 39360808 - Fax: 024 39360909
Disclosure Officer:
Email: [email protected]
Website: http://www.textaco.vn/