Business briefs July 14
* Saigon Cable and Telecommunication Materials Joint Stock Co (coded SAM) has announced that it has registered to sell 1.2 millions fund shares from July 19 to October 19, 2010 in order to raise supplementary capital for on-going projects and other working capital sources.
* Viet Dragon Securities Joint Stock Co (coded VDS) announced that July 19 would be the ex-dividend session and July 21 of registration deadline to close the company’s shareholders list in order to allocate bonus shares to the existing shareholders.
* Vietnam Securities Commission (SSC) has granted the certificate that approves for Song Da Joint Stock Co No 6 (coded SD6) to issue 4.3 million shares to the public.
* HCM City Infrastructure Investment Joint Stock Co (coded CII) announced to close the shareholders list for collecting shareholders’ opinions about the company’s decision to issue bonds to foreign partners. The ex-dividend session would be July 20 and registration deadline July 22, 2010.
* Hochiminh Stock Exchange (STC) has cancelled the share listing of Western Commercial Joint Stock Bank (Western Bank – coded WEB).
* In the last six months of this year, Hanoi has set target to gain GDP growth rate of 11-11.5 percent, in order to raise the economic growth rate for the whole year to 10.5 percent.
* Vietnam Machinery Installation Corp (Lilama), representative of EPC contractor for Nghe An province-based Do Luong cement plant project, has officially signed an agreement with the contractors responsible for supplying equipment for the project on July 13, 2010.
* Export turnover in the second half of June reached $6.86 billion, up by 6.5 percent compared to the results in the first half of June, according to the latest statistics of general Department of Customs (GDC).
* Nui Beo Coal Joint Stock Co (coded NBC) announced to reach over 1.029 trillion dong of accumulative revenue in the first six months of 2010, fulfilling 52 percent of the year plan
* In the past week, the total trading value on the interbank market was estimated at 92.995 trillion dong and $1.706 billion, an average of approximately 18.599 trillion dong a day and $341 million a day, reported the State Bank of Vietnam (SBV).
* In an effort to raise the chartered capital to three trillion dong in 2010 to satisfy the State Bank of Vietnam’s minimum capital requirement, 21 undercapitalised joint stock banks have sought over 30 trillion dong.
