Business Briefs 13September, 2017

13-Sep-2017 Intellasia | | 4:22 PM Print This Post

* Techcombank Securities Company has decided to buy VND1 trillion worth of bonds issued by Masan Group Corporation (MSN). Earlier, il passed a plan to issue VND3 trillion worth of bonds to increase its capital, fund projects and restructure debts, The bonds will come with a maximum tenor of 24 months and a fixed coupon of 10 percent per annum. MSN plans tc conduct the issuance in the third or fourth quarter of 2017.

* Vietnam Electricity Construction Corporation (VNE) will seek shareholder suggestions for a VND1.2 trillion investment in Thuan Nhien Phong wind power project, including over VND810 billion in credits. Located inBinhThuanProvince, the implementation of the project is expected to last 12 months and the plant will start generating electricity in the third quarter of 2018.

* Thanh Thanh Cong Tay Ninh Company (SBT) has issued an additional303.8 million shares to swap with shares of Bien Hoa Sugar Company (BHS) for the merging between the two enterprises, After the additional share issue, the company has two major shareholders holding a combined 34.38 percent stake.

* Vietnam-Italy Steel Company (VIS) has got approval to trade an extra 24.6 million shares on theHCMCitymarket, raising its total outstanding volume to over 73.8 million shares.

* Tien Thanh Service and Trading Company (TTH) plans to issue 16.9 million shares to increase its registered capital to VND299 billion. 01 the amount, TTH wants to sell 13 million shares to existing shareholders at a I-for-1 ratio at VNblO,OOO each and issue 3.9 million shares to pay a share dividend at a 100-for-30 ratio for 2016. The company will also pay a dividend ofVND1,000 per share for 2016 on OctoberZfi, said Viet Capital Securities Company.

* The State Capita nvestment orporanon a regi tere to e over 3.2 million shares of Sai Son Cement Company (SCn, or a 16.4 percent stake, from now to October 12.

* Hanoi City’s government raised around VND129 billion from the sale of3.6 million shares of Dong Anh Chain & Freewheel Company (DFC) The stock closed at VND33,100 and VND38,000 a share on the market foi unlisted public enterprises, or UPCoM, on September 6 and September respectively.


Category: Business, Vietnam

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