Business Briefs June 8

* Sonadezi Long Thanh Shareholding Company (SZL)’s Board of directors decided to pay 2011 second cash dividend at VND800/share on July 2, according to the Board’s resolution on June 6. Besides, the Board approved to choose Auditing and Consulting Co., Ltd (A&C) as auditing company for the firm’s financial statements in 2012.

* Saigon Securities Incorporation (SSI) will float 1.5 million new shares worth VND15 billion on June 18.

* HCM City Infrastructure Investment JSC. (CII) announced June 18 as ex-date and June 20 as record date for an extraordinary general shareholders’ meeting (EGM) for issuing bonus shares to its existing shareholders. The firm will announce time and venue later.

* Thu Duc Housing Development Corporation or Thuduc House (TDH) announced that KPMG Co., Ltd will be auditing company for its financial statements in 2012.

* The State Treasury will offer VND6 trillion worth of two, three and five-year government bonds via an auction on the northern exchange on June 13.

* Red River Holding has bought over 811,000 shares of Vinaconex Advanced Compound Stone Company (VCS) to raise its ownership from 16.9 percent to 18.4%.

* IDICO Investment Consultancy Co (INC) has announced June 13 as the ex-dividend date to pay 2011 dividend in cash for shareholders at 7%.

* Long Khanh Water Supply Company (LKW) will begin trading 2.5 million shares on the Hanoi Stock Exchange on July 4 at the reference price of VND11,500 each.

* Song Da Urban Development and Construction Investment Co has registered to sell 700,000 shares to Mien Trung Power Investment and Development Co (SEB) from today to July 6.

* Vimedimex Medi-Pharma Co. (VMD) targets to gain VND7.3 trillion in revenues and VND31.7 billion in after-tax profits this year.

* Phuoc Hoa Rubber Company (PHR) estimates to obtain nearly VND296 billion in profits in the first five months of this year.

* Cavico Constrution Manpower and Services JSC (CMS) announced June 13 as ex-date and June 15 as record-date for 2011 cash dividend payment at VND1,500/share. Payment will be from June 29 ( working days).

* On June 1, Board of directors (BOD) of Hoa Phat Textbook Printing JSC. (HTP) met and approved in principal to use the company’s retained earnings and investment and development fund buy back 36,300 shares or 2.01 percent charter capital. The company currently has 143,700 treasury shares or 7.96 percent charter capital.

* Maybank Kim Eng Securities Pte.Ltd, a major shareholder of Higher Educational and Vocational Book JSC. (HEV) increased its ownership to 88,400 shares or 8.84 percent stake from May 31, 2012 after buying 19,800 shares.

* Hanoi Education Investment and Development JSC. (EID) announced to sell its all 458,400 treasury share from June 14-Sep 13 via put-through or order-matching and under the market value to increase the firm’s operation fund. FPT Securities JSC is authorised to carry transaction.

* Ninh Hoa Sugar Company (NHS) has gained approval to trade an additional two million shares on the southern bourse.

* Hoa Phat Textbook Printing JSC. (HTP) announced to use its retained earnings and investment and development fund to buy back 36,300 shares from June 12-Sep 10 via put-through or order-matching and under the market value.

* Quoc Cuong Gia Lai JSC (QCG) announced June 14 as ex-date and June 16 as record date for seeking its shareholders’ approval for restructuring banking debts. The firm will seek approval from June 22 to July 3. Shareholders will send their ballots to the company at 26 Tran Quoc Thao, ward 6, district 3, Ho Chi Minh city.

* Mikeland Corporation based in HCM City’s District 5 may have its business certificate revoked for not paying debts to over ten foreign and local partners due to its insolvency. The firm’s general director Tran Tan Em has fled.

* Petroleum Industrial And Civil Construction Joint Stock Company (PXI) announced June 15 as ex-date and June 19 as record date for 2011 final cash dividend payment. The firm will pay dividend at VND300/share on July 2, 2012.

* PetroVietnam Oil Corporation has registered to buy over 494,000 shares of Materials-Petroleum Company (COM) to spur its ownership from 31.4 percent to 34.9%.

* The Customs Express Office under HCM City’s Department of Customs will officially come into operation next Monday and be located at 6 Thang Long Street in Tan Binh District.

* GM Vietnam is recalling 10,342 Chevrolet Captiva cars in order to replace the brake fluid and the antilock brake system may also be replaced if necessary. According to GM Vietnam, the brake fluid Dong A DOT 4 used in these cars can reduce the s stem’s operation effectiveness. This recall is applied to cars produced and assembled in Vietnam between December 1, 2006 and October 31, 2011 and will last until May next year.

* Iapan-based Oshima Shipbuilding has been licensed to construct a shipyard worth VND3.78 trillion in an area of 304 hectares in Khanh Hoa Province’s Cam Ranh City. In the first phase, the project can build 12 ships with a tonnage of 37,000-56,000 tonnes each annually.

* Bkav Corporation has launched anti-virus software for iPhones after introducing software for smart phones running on the Android operating system. These products are offered for free at mobile.bkav.com.vn or at application stores Google Play and Cydia. In addition to destroying viruses, the software for iPhones can also prevent spam messages.

* SMC-Summit Co. Ltd, a joint venture between SMC Trading Investment Joint Stock Co and Japan- based Sumitomo Corp. was officially introduced on Tuesday’ in HCM City. Having total chartered capital of $4 million, the firm located in Phu My Industrial Park, Ba Ria-Vung Tau Province will operate in the mechanical outsourcing, steel export-import and distribution.

* The central bank has allowed the HCM City branch of BNP Paribas Bank to extend operation time within five years starting from June 5.

* Interfood Shareholding Company (IFS) has approved offshore internal credits without collateral with the total amount of $9 million from Kirin Holdings Co. Ltd The loans will help the company spur working capital and restructure its financial situation.

 

Category: Business