Business Briefs July 17, 2017

17-Jul-2017 Intellasia | | 10:10 AM Print This Post

* HCM Infrastructure Investment Company (CII) has signed a memorandum of understanding with Hong Kong Land to jointly develop a high – class apartment project in HCM
both sides plan to invest over US $400 million in the project with around 965 units.
* An Phat Plastic and Green Environment Company (AAA) has decided to buy two million shares of An Phat- Yen Bai Mineral & Plastic Company (HII) to increase its ownership to 51,5% or 6,95 million share. AAA expect to buy shares beetwen August and September at market prices. Closing yesterday’s session, HII hit the ceilling price of around VND25,800 per share with volume of 537,000 shares.
* PetroVietNam Construction Corporation (PVX) earned pre-tax profit of over VND45billion from revenue of VND1.8trillion in the first half of 2017, down 14% anf 2.7-fold compared to the same period of 2016 respectively. Average income of the company’s staff was VND 10.15 million per month.
PVX has withdrawn capital from Petro Song Da Trading & Investment Company and some other subsidiaries to invest in the company’s core operations.
* Song Da 19 Join Stock Company (SDT)posted a pre-tax profit of VND 27.3 billion in the first half of this year, meeting nearly 33.5% od its full- year target. Its revenue reached VND 27.2 billion in the period , meeting 45% of the year’s plan. Beetwen January and June, SDT invested a total of VND20.8 billion, or 9,5% of the target this year. SDT tarhets revenue of VND 719.5 billion and the pre-tax profit of VND54 billion in the second half of this year, said Viet Capital Securities Company.
* Vietnam Construction Consulting Corporation (VGV)will begin trading nearly 36 million shares on the market for unlisted public companies, or UPCOM, on July 17 at the reference price of VND12,000 each. VGV launched its initial public offering in 2016 with 6.8 million shares, in which investor acquire over four million shares at the average winning price of over VND10,000 each. Its chartered capital is VND 357billion , 87.32% of it owned by the Ministry of Construction. VGC now has five subsidies.


Category: Business, Vietnam

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