Business Briefs November 8

08-Nov-2016 Intellasia | | 2:08 PM Print This Post

* Aikya Corporation has acquired a whole lot of 4.4 million shares (43.47, percent) of TY.Pharm Pharmaceutical Company from State Capital Investment Corporation at the winning bid of VND50, 100 per share. Aikya also operates in the pharmaceutical sector and has chartered capital of VNDl trillion. It has become the big- gest shareholder of TV.Pharm with a 43.47 percent stake, followed by individual investor Nguyen Dang Nguyen with a 12.4 percent stake.

* Ha Long Investment & Consulting Company (HID) has issued 1.6 million shares to pay the 2014 and 2015 dividends for shareholders, sending its total outstanding volume rising to 31.6 million shares. The new shares will be tradable on November 9.

* Tan Binh Import Export Corporation (TIX) has announced November 25 as the ex-dividend date to pay a 2016 second round dividend in cash for shareholders at 10 percent. Payments are due on December 30.

* Nguyen Thanh Tu, deputy director of Consultancy Design and Urban Development Company (CDO), has registered to sell 200,000 CDO shares to reduce his ownership to 385,133 shares (1.7 percent) between November 4 and 11.

* SMC Investment Trading Company (SMC) plans to issue 12.5 million shares worth VND18,000 each for Japan’s Hanwa Co Ltd and individual investors Nguyen Cam Ha and Nguyen Thi Ngoc Loan. Hanwa currently has a 5 percent stake in SMC and is expected to acquire 6.93 million shares. Meanwhile, Ha will get 2.14 million shares and Loan 3.43 million shares.

* Viet Tri Chemical Company (HVT) said it would pay a 2016 first round dividend in cash for shareholders at 8 percent on the record date of November 7. Payments will be made on December 12. The enterprise also gives bonus shares to shareholders at 40 percent.

* Ngan Son Company (NST), which is active in the consumer goods sector, has added 1.7 million shares on the Hanoi exchange, raising its total outstanding volume to 11.2 million shares. The new shares will be available for trading on November 8.

* Bui Viet Vuong, general director of DNA Investment Company (KSD), has registered to buy 155,000 KSD shares to revise up his holding to 1.8 million shares (12.5 percent) in three weeks starting from November 7.

* Vietnam aims to post a GDP growth rate of about 6.7 percent in 2017, slightly higher than last year’s 6.68 percent, according to a resolution on the socio-economic development plan adopted Monday by the lawmaking National Assembly.

* Vietnamese enterprises should focus on building their corporate culture, as it all makes up the image of the country, prime minister Nguyen Xuan Phuc said at a ceremony to kick-start a corporate culture building drive on Monday.


Category: Business, Vietnam

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