Company, bank, stock market briefs Feb 14

* Kim Long Securities Joint Stock Co (coded KLS) recently announced that it would offer 28.5 million KLS-coded shares to the public, in which 6.3 million shares will be paid at 20% dividend for 2007 to the existing shareholders, 12.6 million shares will be issued to the existing shareholders at the ratio of four new shares for 10 shares held at the price of 15,000 dong per share, 600,000 shares will be spent for the company’s staff at the minimum price of 35,000 dong per share and the remaining of nine million shares will be sold to other investors at the estimated price of 50,000 dong per share.

* Vietnam’s Gateway (Huong Viet) Securities Joint Stock Co reported selling its 14.5 million shares worth 145 billion dong on par equalling to the 48.33% stake to Singapore’s Morgan Stanley Holdings Pte Ltd whereby the local firm’s chartered capital was raised from 20 billion dong to 300 billion dong.

* 15 million TTF-coded shares of Truong Thanh Furniture Joint Stock Co (coded TTF) will be officially traded on the Ho Chi Minh Stock Exchange (STC) on February 18 with the reference price of 80,000 dong per shares and plus or minus of 20%.

* 4,739,800 extra shares of Viglacera Thang Long Tiles Co (coded TLT) will be officially traded via the Hanoi Securities Transaction Centre (HaSTC) on February 18.

* Nam Viet Securities Joint Stock Co (coded ANV) recently announced business result with 648.155 billion dong in revenue and 114.287 billion dong from after tax profit in the fourth quarter of 2007, bringing the total figures to over 3.193 trillion dong and 386.352 billion dong respectively for the whole last year, a year-on-year increase 17.97% in revenue and 45.08% from after tax profit.

* Hoa Phat Refrigeration Engineering Co under the Hoa Phat Group produced 60,000 fridges, nearly 40,000 air conditioners, 25,000 water heaters and some 5,000 washing machines last year. Its sales grew 250% to about dong 490 billion

* Nam Trieu Shipbuilding Industry Corp (Nasico) has delivered the first lighter aboard ship (LASH) of 10,500 dwt to Vinashin Ocean Shipping Co (Vinashinlines). The home-built Song Gianh vessel can carry 40 barges.

* Diethelm Vietnam Co recently inaugurated new pharmaceutical distribution centre in Vietnam-Singapore industrial park in the southern province of Binh Duong with the total investment capital of some US$3.5 million.

* Basing on business result of 2007, Sai Son Cement Joint Stock Co (coded SCJ) proposed the shareholders’ meeting to pay dividend of 48% chartered capital for 2007, of which, the company paid at 2% dividend for the first phase in January 2007 and will pay at 46% for the second phase.

* Vien Dong Investment & Technology Transfer Consultancy Co has signed a deal with South Korea’s Mooyoung Architecture & Engineering Co to design the 48-floor Vien Dong Meridian twin tower, the highest in the central coast city. The Vien Dong Meridian project is estimated to cost US$180 million.

* Tan Tao Industry Investment Joint Stock Co under the HCM City-based Tan Tao Group on February 13 received the nod from the People Committee of the southern province of Long An to build Saigon-Mekong Urban Zone with the total investment capital of US$2.6 billion in Long An’s districts of Ben Luc and Duc Hue.

* Thua Thien-Hue Mineral Corp (Humexco) has been allowed to build a 102-billion dong titanium slag refinery with a designed annual capacity of 10,000 tonnes. The facility in Thua Thien-Hue Province is expected to start production in April next year. The central province has total proven titanium reserves of seven million tonnes, a quarter of the country’s total.

* Thanh Linh Co in the central province of Binh Dinh has got approval to develop an eco-tourism resort on 180 hectares in Hoai Nhon District. The project, including villas and a golf course, will need around 280 billion dong.

* Nhat Thanh Co has got a certificate of investment from the HCM City government to develop an industrial zone on 160 hectares in Pham Van Hai Commune in the outlying district of Binh Chanh. The project is estimated to cost about 527 billion dong.

* Road and bridge builder Cienco 5 of the Ministry of Transport has taken over a project to build Hoa Cam-Hoa Phuoc section of National Highway 1A in the central coast city of Da Nang. Two local firms failed to carry out the project due to financial constraints.

Sources: Thoi Bao Kinh Te Vietnam, Lao Dong, Nguoi Lao Dong, Dau Tu, Dau Tu Chung Khoan, Tuoi Tre, Tin Tuc, Nhan Dan, Vietstock, SSC, VCBS, HASTC.

 

Category: Stocks