Petrowaco Property JSC
UUPCOM:PWA5,100.00
VND
-500.00
(-8.93%)
Petrowaco Property JSC
UPCOM:PWA
(Unlisted Public Company Market)
Recent
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5,100.00
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yld
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ROIC.AI
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- Business
- Petrowaco Property Joint Stock Company is a Vietnam-based real estate development, construction, and property management enterprise. The company operates across four primary business segments: Real Estate Development, Construction and Installation, Property Leasing and Asset Management, and Commercial Trading. Its core products and services include the investment, development, and sale of high-rise residential apartment complexes, commercial office buildings, and mixed-use urban properties, including its flagship 97-99 Lang Ha commercial and residential tower in Hanoi; civil, industrial, and infrastructure engineering and general contracting services, encompassing structural construction, interior outfitting, and site preparation; the installation of mechanical, electrical, and plumbing (MEP) systems, water supply and drainage networks, and environmental engineering works; property management, facility maintenance, and commercial space leasing services for corporate offices and retail tenants; and the wholesale and retail distribution of construction materials, electrical equipment, plumbing fixtures, and interior architectural products. Petrowaco primarily serves residential homebuyers, retail businesses, commercial corporate tenants, and public and private sector construction clients across Vietnam, with key operational focus in Hanoi and surrounding northern provinces. Originally founded in 1969 and headquartered in Dong Da District, Hanoi, Vietnam, the company is listed on the Hanoi Stock Exchange's UPCoM market under the ticker symbol PWA. In recent developments, Petrowaco Property Joint Stock Company has advanced comprehensive operational and financial restructuring programs to resolve legacy project bottlenecks, accelerate final construction completions, and finalize ownership title documentation and property handovers for commercial and residential occupants at the 97-99 Lang Ha development. The company has also completed board of directors and executive management reorganizations to streamline corporate governance, engaged in debt resolution and capital restructuring agreements with institutional creditors and banking partners, and expanded its property leasing and facility operations unit to enhance recurring commercial rental revenues.