Dang Hoang Huy, chair of management board cum general director of Vinaconex Xuan Mai Concrete and Construction Joint Stock Co (coded XMC) said the company was in the middle of preparing necessary profile to be submitted to functional authorities for approval of the construction project of 1,900 low-price apartments in Ha Dong Dist, Hanoi City.

The project was expected to be officially started in June 2010 with average offered price of 8 million dong per square metre.

Huy added that the company has considered construction works on low and medium-price apartments as the main development strategy at present because of the market's high liquidity in the near future.

XMC plans to hold annual shareholders meeting on April 4, 2010 and to pay 2009 dividend in cash at ratio of 15 percent or 1,500 dong per share on April 15.

(Source: Intellasia)