Company, bank, stock market briefs Jan 14
* The State Securities Commission (SSC) recently granted license for Petrolimex Irrigation Transport Joint Stock Co (coded PJT) to offer 3.5 million shares.
* The Ho Chi Minh Stock Exchange (STC) recently approved Saigon Telecom Technology Joint Stock Co (coded SGT) to list 45 million shares on the southern bourse.
* The Hanoi Securities Transaction Centre (HaSTC) recently approved the Vneco Power Construction Joint Stock Co No 9 to list 3.1 million shares on the northern bourse.
* The Hanoi Securities Transaction Centre (HaSTC) recently approved the Nam Vang Joint Stock Co (coded NVC) to list 16 million shares on the northern bourse.
* The Hanoi Securities Transaction Centre (HaSTC) recently approved in principle for the Song Da Trade Industry Joint Stock Co (coded STP) to list two additional shares on the northern bourse.
* The Hanoi Securities Transaction Centre (HaSTC) recently approved the Sara Vietnam Joint Stock Co (coded SRA) to list one million shares on the northern floor.
* Electricity of Vietnam (EVN) will issue convertible bonds instead of selling shares in order to reduce the state holding in the group and the electricity sector’s share volume operational on the stock market, said Dang Phan Tuong, head of EVN’s equitisation board.
* Alphanam Joint Stock Co reported gaining over 100 billion dong in after-tax profit last year on the chartered capital of 300 billion dong, said the chair Nguyen Tuan Hai. The company’s shareholders’ meeting approved the plan to pay a dividend of 30% for 2007.
* 12,5 million shares of the Quang Ninh Construction and Cement Joint Stock Co (coded QNC) will be officially traded on January 17 on the Hanoi Securities Transaction Centre (HaSTC).
* Vietnam Shipbuilding Industry Corp (Vinashin) has submitted a project to the government of Ninh Thuan Province, proposing an investment of nearly US$10 billion in a complex comprising a steel mill of 14.42 million tonnes per year, a thermal power plant of 2,270 megawatts and a 1,650-hectare seaport in Ninh Phuoc District.
* Vegas Hotel & Villas has started building the Raffles five-star hotel and high-end residential area on Ngu Hanh Son beach in the central coast city of Da Nang. The project – at an estimated cost of US$100 million – will build 140 hotel rooms, eight villas and nearly 150 apartments.
* Saigon-Ca Mau Artificial Plank Production and Investment Co under Saigon Invest Group has obtained a license to invest 3.2 trillion dong in a factory in the country’s southernmost province of Ca Mau. The factory can produce 400,000 cubic metres of wooden plank per year, consuming 700,000 cubic metres of timber. The company will start work on this project in this quarter for completion by mid-2009.
* Hanoi beer maker Habeco will launch its first public share auction after the lunar New Year holidays (Tet) rather than this month as previously scheduled, according to the Industry and trade ministry. It will sell more than 34.77 million shares at the auction, with price to start from 50,000 dong each. Once equitised, it will have 2,318 billion dong in chartered capital.
* Vietnam Renewable Energy Joint-Stock Co has got approval from central Binh Thuan Province to invest in a wind-powered electricity system to be equipped with German technology. In phase one that costs US$817 billion and will be completed within next year, it will build a plant of 30 megawatts. And in the next phase, the capacity will be extended to 120 megawatts.
* VEC Consultant made its debut last week, becoming Vietnam’s first consulting firm with a foreign holding. Particularly, VEC Consultant is 55% owned by Vietnam Highway Investment and Development Co, 25% by Japan’s Nippon Koei and 10% by a Chinese research institute and the rest by Hafico Group. It will give planning advice on and set up highway investment projects.
* HP Vietnam has launched a promotion, offering discounts for teachers and students who buy computers at the company’s five sale agents in Can Tho Province. The lowest price, however, is US$549 a set. Customers can make payments by instalment.
* The State Bank of Vietnam reported that up to November 30 last year, the outstanding loans for securities investment of all banks totalled at nearly 18.180 trillion dong, down over 7.095 trillion dong in comparison with that of June 30, 2007, accounting for 2.13% of total outstanding loans. At that time, there were 16 credit institutions having the securities lending ratio exceeding the ruled 3%.
Sources: Thoi Bao Kinh Te Vietnam, Lao Dong, Nguoi Lao Dong, Dau Tu Chung Khoan, Tuoi Tre, Tin Tuc, Nhan Dan, Vietstock, SSC, VCBS, HASTC.
Category: Stocks
