Business Briefs November 25

25-Nov-2016 Intellasia | | 2:04 PM Print This Post

* Tam Duc Steel Production Company has registered to sell 500,000 shares of Dai Thien Loc Corporation (DTL) to cut its ownership to 10.9 million shares (18.8 percent) between November 25 and December 24.

* Realty developer Fecon Corporation (FCN) has converted bonds into two million shares, raising its total outstanding volume to 47.7 million shares. The new shares will be tradable on November 30.

* Tien Len Steel Corporation Company (TLH) will spend roughly VND85 billion paying a provisional dividend of VND1,000 per share for 2016. In will make payments in January 2017. TLH saw its revenue climbing 23 percent from a year earlier to VND2.8 trillion in January-September and net profit skyrocketing 24-fold, to VND331.5 billion.

* Duc Long Gia Lai Group Company (DLC) plans to issue 6.57 million shares to pay a 2015 dividend for shareholders and 4.38 million shares to increase its equity. DLG’s total out-standing volume is 219.18 million shares now.

* Saigon Securities Inc. has registered to buy 386,300 shares of The Pan Group Company (PAN) to revise p its holding by 0.18 percentage point to 13.69 percent over one month starting from November 28.

* Bank’ for Foreign Trade of Vietnam (VCB) has issued 932.7 million shares to increase its equity, sending its total outstanding volume rising to 3.5 billion shares. Some 213.4 million of the new shares will be tradable on November 30 while the timetable for 719.2 shares held by the State Bank of Vietnam is unclear now.

* Ninh Binh Phosphate Fertiliser Company (NFO) has announced November 30 as the ex-dividend date to pay a 2016 dividend in cash for shareholders at 7 percent. Payments will be made on December 8.

* Quang Ngai Sugar Company (QXS) said its revenue dropped 12 percent year-on-year to nearly VND5.3 trillion in the first nine months of this year and its net profit fell 9 percent to VND806.7 billion.

* Cho Lon Real Estate Company (RCL) has issued 2.5 million shares to sell to investors, raising its total outstanding volume to 7.5 million shares. The new shares will be available for trading on November 29 but nearly 106,600 shares are not transferable until September 27, 2017.

* South Korean investors who attended a meeting on Thursday with HCM City Urban Railways Management Authority showed interest in the $2.4 billion fifth metro line in HCM City, which will run 14.5 kilometers from Can Giuoc bus station in District 8 to Bay Hien intersection in Tan Binh District.


Category: Business, Vietnam

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