Company, bank, stock market briefs May 16
Source: 16/May/2008 Intellasia
May 16, 2008 - 12:02:51 PM * Ho Chi Minh Stock Exchange (STC) on May 14 announced it would sell 71,516 remaining shares of Commercial Construction and Installation No 2 Joint Stock Co to investors who joined the company's previous share auction held on February 20, 2008.

* Ho Chi Minh Stock Exchange (STC) recently announced that the registration deadline for Cat Loi Joint Stock Co (coded CLC) to close the list of shareholders book to is on May 30 and the ex-interest date on May 28 to pay dividend of 30% in shares for 2007 with the total volume of 3,023,985 shares.

* STC listed firm Domesco Medical Import & Export JSC (coded DMC) targets to reach the revenue of 929.9 billion dong, pre-tax profit of 73.9 billion dong and a dividend of 15-18% in 2008.

* DIC Commercial Joint Stock Co (DIC) is now in the negotiation period with partners to retail 2.24 million shares according to the competitive price mode.

* OPC Pharmaceutical Joint Stock Co (OPC) is now in a hurry to finish the last proceedings to list shares on the Ho Chi Minh Stock Exchange (STC), said Truong Duc Vong, OPC's managing director.

* Dong Tam Joint Stock Co (DTC)'s shareholders' meeting recently passed the plan to scale up its chartered capital to 679 billion dong from the current of 523.9 billion dong via offering 15,505,250 additional shares to existing shareholders and strategic partners.

* The HCM City Metal Joint Stock Co (coded HMC) recently reported the business result in the first quarter of this year with over 1.115 trillion dong in net revenue from sales and service provision, up 130.59% against the same period of 2007 and 15.92 billion dong from after tax profit, rising 86.85% yoy.

* Dien Quang Lamp Joint Stock Co yesterday May 14 announced this year's business plan with 1.27 trillion dong in revenue and 222 billion dong in profit.

* Sea and Air Freight International Co, or SAFI recently announced this year's business plan with 103 billion dong in revenue, 24 billion dong from after tax profit and dividend of 12%.

* Pha Lai Thermo power Joint Stock Co (coded PPC) recently released the 2007 annual report with 777.822 billion dong from pre tax profit and total investment capital of 1.104 trillion dong in many projects.

* Hanoi Alcohol Co recently released its 2007 fiscal report with the total asset of 385.690 billion dong, total revenue from sales and service provision of 540.952 billion dong, and net revenue from sales and service provision at 412.229 billion dong.

* Saigon-Sapaco Tourist Co will open a bus route linking HCM City and Siem Riep province in neighbouring Cambodia next Monday. The route stretching 500 kilometres will cross the border gate of Xa Mat in southern Tay Ninh Province and Trapeang Phlong in Cambodia's Kompong Cham Province. The fare is US$24.

* Voi Waterfall Joint Stock Co in Lam Dong Province has just transferred the Voi Waterfall resort to the. HCM City-based trade and construction company Binh Phat at a price of three billion dong.

* The duty-free supermarket FUSO at Moc Bai border gate in southern Tay Ninh province will open a section offering all products at the same price of 20,000 dong each on May 24. With the total investment of US$1.5 million, and the area of 5,000 square metres supplies about 90,000 commodities made in Japan such as cosmetics, food, and toys.

* The national oil and gas group PetroVietnam has decided to spend 40 billion dong to build a security fence in an effort to protect the oil pipeline inthe Dung Quat refinery complex.

* HCM City Development Bank, or HDBank, has just inaugurated the 29th transaction office in HCM City' s Phu My Hung in District 7 on Tuesday, the 29th one by the lender as part of its plan to open network to 50 branches and offices nationwide this year.

* The environment treatment company Tan Duc Thao will have its operating license revoked following an instruction of the HCM City government as the company is said to have committed violations by discharging untreated toxic wastes into the environment.

* Huu Nghi Co has just been approved to develop a high-rise apartment project on No Trang Long Street in HCM City's Binh Thanh District. The company will have to transfer 20% of apartments there to the district at the cost price for people affected by other projects.

* Da Nhay Resort project in the central province of Quang Binh received off ground on Tuesday. The sea-front resort covering over 12 hectares is owned by Hoan Cam II Co with the investment of 205 billion dong. Construction on the resort with 100 hotel rooms and 100 bungalows is expected for completion by 2010.

* The State Bank of Vietnam (SBV) recently sent documents to two foreign banks namely Standard Chartered and Hong Kong & Shanghai Banking Corp (HSBC) proposing to complete necessary documents before SBV grants establishment licenses of 100% foreign-invested subsidiary bank in Vietnam for these banks.

* Vietnam International Bank (VIBBank) recently announced that it would organise its shareholders' meeting on May 21 to pass this year's business plan with 700 billion dong from pre tax profit, 52.5 trillion dong in total asset, between 21.76 billion dong and 23.4 billion dong in outstanding loans, ROE at 20% and dividend of 15%.

* Viet A Commercial Joint Stock Bank (VietA Bank) recently signed a contract to build an internal credit ranking system with Ernst & Young.

* Phu Nhuan Jewellery Co (PNJ) and Eastern Asia Commercial Bank (EAB) recently officially introduced the piece gold branded Phuong Hoang PNJ-EAB.

* From May 19, Saigon Hanoi Commercial Bank or SHB will launch the eTransfer service—express money transfer whereby customers can transfer accounts opened at SHB via two channels of SMS Banking and internet Banking.

* Vietnam International Commercial Bank (VIB Bank) on May 9 received the award of Prominent International Payment Bank from HSBC.

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.