Hai Phong equipment manufacture and shipbuilding company limited (Lisemco) successfully sold 10 % charter capital to Japanese strategtic partner in process of transfering 100% State-own Company into Joint stock Company on 16/12/2011.

According to the announcement of Ha Noi Stock Exchange, Lisemco will conduct an auction sale of share for 8.699.868shares with the initial price of 10.800 VNĐ/share on 17/1/2011

In the context of difficult stock market, many enterprises have to delay capitalization plan, failure auction or can not find the strategic partner but Lisemco negotiated and successfully sold 2.500.000 shares to strategic partner with the price of 10.800 VNĐ/share. The strategic partner of Lisemco is Sugatec Coporation- member of Nippon Coporation (Japan) which had total assests of 25.609 Japanese Yen, turnover of 37.258 Japanese Yen until June, 2011; this company specializes in engineering; design and architecture of civil work, construction of electrical equipment; for civil and Industrial work; especially; with Lisemco, Sugatec has been a long term strategic partner; believable customer at the present and in the future as well in the field of equipment fabrication for industrial Projects. This cooperation is expected to give Lisemco the technology and management supports, output for the product and company after equitization. Sugatec now is performing a series of major project such as maintaining the Kiln No.3 of Steel Structure Manufacture Factory in Fukuyama area, western Japan of JFE Steel Corporation, construction of new blast furnace No.2 of Steel Structure factory Wakayana, construction of new coke oven No.1 Steel Structure Factory Kashima of Sumitomo Metal Industries, Ltd.

Erection and equipment manufacture: Company has been synchronous invested for equipment manufacture with capacity of 30.000 tons per year on an area of 12.5 ha consisting of 500m length in front side facing to national road No.5 and rear side facing to Cam river that is very convenient for production and land or river transportation.; Company also has domestic port with capacity of 30.000 tons per year and special tools and devices. Equipment manufacture is currently company main production field ,Company is the largest manufacture company of Viet Nam Machinery Installation Coporation supplying products for priority and big national constructions and exportation of fields as Thermal power, cement, chemicals, steel and oil filtration plant. Production and business every year increased 1.3 times in comparision with previous year; Company has achieved output capacity of 1.600 billions VND in 2011, given labor opportunity to more than 2000 employees and stable average income as 4 millions per month per employee. Product quality and reputation of Company has been recognized by Clients, partners and big international organizations especially, quality of boiler structures, pressure tank and vessel, port gantry crane. Company products contribute to complete some Projects like Da Nang Airport, Uong Bi Thermal Power Plant, Kamisu (Japan) Wind-driven power Plant, Ras Laffffan Thermal Power Plant exported to Quata, Na duong Thermal Power Plant, Hai Phong Cement Plant, National Convention Center, Nippon steel oita corksoven Factory, Container crane in Hai Phong port, Dinh Vu Port, TCM crane system, Dung Quat Oil refinery, Pressure vessel...

Newly shipbuilding and repairing: Being a leading ship-building Company in Hai Phong – the largest shipbuilding industrial centre in the country, there are possibly 3-4 ships with 10.000DWT per year being built in a dock of company. In the recent years, Company has built ships with 3300 DWWT capacity to export to German, Netherland. Besides, Company is one of very few Vietnamese businesses who successfully receive shipbuilding technology for exporting and completed the project for EU customers. The company has developed a team of professional skilled shipbuilders, with highly appreciated by shipowners, GL, BV. Shipbuilding product is Asphalt Vessel 2000DWT, Multiservice Vessel 3.300 DWT exported to German, DAMEN Vessel, Hoa binh Vessel No. 27; 36; 45; 54 for Hoang Chien sea transportation Company.

Moreover, the company invested and was in operation of Cover Cargo Factory supplying cover for exporting and for domestic shipbuilding companies with capacity of 10.000 tons/year. All covers exported signed the contract by Lisemco and Macgregor Coporation (Filand) until 2017.

Achievement: Be a Typical business of Hai Phong City for many years, awarded 1st class Labor medal by Government in 2009, 3rd class independent medal in 2010; awarded excelent competitive flag by government for many years; received a B.I.D international quality cup chosen by International quality organization (B.I.D) in 2009; reached the top of 50 businesses who has gold product in WTO integration period for Geman ships exporting by Vietnam Intellectual Property; awarded certificate of merit for export performance by Ministry of Trade and Industry, limit trade deficit; chosen as Vietnam Gold Star Business in 2011; party, trade union, youth union are recognized as the strong organizations.

The transfering from 100 % state-own company in to joint stock company is strategic orientation to raise charter capital, increase responsibilties and transparency in financial management, helping company be autonomy in business, gradually overcoming the passive in funding with the Bank during last time.

If it is necessary, the financial investors contact us for more details of buying shares issued on Ha Noi Stock Floor of Lisemco and auction agencies under the guidance of auction notice for the first time posted on www.lisemco.com.vn ; www. fpts.com.vn ; www.hnx.vn.

Thanks and best regards,