Business Briefs Jun 01, 2017

01-Jun-2017 Intellasia | | 4:13 PM Print This Post

* LDGinvestmentCompany(LDG) has announced a scheme to issue over 53.5 million shares to five strategic investors at VND10,000 each. LDG will offer 25.5 million shares to Oat Xanh Real Estate Service & Construction Corporation (DXG), eight million shares to Sun Holdings Joint Stock Company while three individuals Le Van Thang, Le Thi Tu and Pham Nguyen Thuy An will buy from six to seven million shares each. The shares are not convertible within one year from the issuance date.

* PetroVietnam Ca Mau Fertiliser Company (DCM) will pay a second-round dividend of VND500 per share for 2016 on the record date of June 16. The company will make the payment on June 28.

* Bibica Corporation (BBC) plans to spend VND217 billion on new projects and upgrading its production line this year. BBC targets a net profit of VND86.6 billion this year, up 6.5 percent against 2016. Its revenue is expected to increase 10.8 percent to VND1.4 trillion. BBC plans to pay a dividend of12-18 percent of the par value for 2017.

* The State Capital Investment Corporation (SCIC) will auction 3.18 million shares of Kon Turn Coach Station Company on June 27 at the starting price ofVND 10,400

each. The enterprise has a chartered capital of nearly VND32.8 billion with 97 percent held by SCIC. In 2016, it reported VND3.6 billion in revenue and VND577 million in after-tax profit, up 32 percent and 22 percent versus the previous year respectively.

* Dong Nai Plastic Company (DNP) has approved a plan to issue VND100 billion worth of secured non-convertible bonds to restructure its debts this year. The 18-month notes will be sold in the book-entry form at a face value ofVNDl billion each and carry a fixed coupon rate for the first semi-annual payment and have a floating coupon for the remaining payments. DNP made a consolidated net profit ofVND4.9 billion on revenue ofVND306 billion in the first quarter of this

year, down 79.6 percent and up 7.2 percent year-on-year respectively. Its short-term debts fell 3.8 percent from the end of2016 to overVND841 billion at the end of March while its long-term debts inched up 2.2 percent to D1.1 trillion, said Viet Capital Securities Company.

 


Category: Business, Vietnam

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