Company, bank, stock market briefs July 10
10/Jul/2008 Intellasia
Jul 10, 2008 - 12:03:47 PM
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* Ho Chi Minh Stock Exchange (STC) recently approved in principle the Container South Joint Stock Co (Viconship Saigon) to list shares on the southern bourse. July 22 would be the registration deadline to close the shareholders list for Viconship Saigon's share deposits.
* Hanoi Securities Trading Centre (HaSTC) recently announced that it would hold an auction for 1,140,019 shares of Ha Nam Seafood and Breeding Joint Stock Co on July 14. However, according to statistics, there were only two individual investors registering to join the share auction with the total bidding volume of 200 shares.
* Top broker SSI recently passed Decision No 12/2008/NQ-HDQT adding the convertible bond issue plan enclosed with Decision No 14/2006/QD-HDQT dated October 19, 2006 whereby foreign ownership is not allowed to exceed 49% of total number of SSICB0206 and SSICB0306 coded bonds.
* Savimex Economic Cooperation and Export Import JSC (coded SAV) announced its shareholder Wareham Group Limited (represented by Vu Huu Dien—member of the group's director board) registered to buy 289,980 SAV coded shares to restructure its investment portfolio. The trading time is between July 11 and October 10, 2008.
* Listed firm Binh Dinh Minerals Joint Stock Co (coded BMC) recently reported that it gained 26.819 billion dong in net revenue from sales and service provision in the second quarter of 2008, up 14.03% or 3.3 billion dong yoy, bringing the total figure in Jan-June to 54.643 billion dong, a rise of 7.31% or 3.731 billion dong against the previous year.
* Petrolimex Export Import Joint Stock Co (coded PIT) recently announced that it would purchase 500,000 its shares to make fund shares within 90 days from July 15 under the order matching method. Saigon Securities Joint Stock Co was granted authorities to buy these shares by its surplus capital. As reportedly, from February 22 to April 18, PIT finished buying 42,520 fund shares out of the total 100,000 registered shares.
* Lam Dong Construction Material and Mineral Joint Stock Co (coded LBM) recently announced that Lam Dong Irrigation Construction and Investment Joint Stock Co registered to buy extra 120,000 LBM coded shares from July 10 to October 20, bringing its holding in LBM to 9.7% or 400,790 shares. At present, Lam Dong Irrigation Construction and Investment Joint Stock Co now holds 280,790 LBM-coded shares, accounting for 6.8% stake of LBM.
* Japan's Inax Vietnam Ceramic Ltd Co recently opened a new high-class exterior ashlar manufactory with a total estimated cost of US$20.5 million, marking the firm's sixth plant in Vietnam. Built on an area of 80,000 square metres, the plant will produce 1.2 million square metres of ashlar facing stone and 15,000 tonnes of supporting materials a year.
* The local firm Vincom will spend around 1.5 trillion dong paying compensation and providing financial support for 210 families and 21 other entities affected by its property development projectin the Eden area in downtown HCM City
* PetroVietnam Fertilisers and Chemicals Joint Stock Co will sell its products at list prices nationwide. Dinh La Thang, chair of PetroVietnam, which owns over 60% of the fertiliser firm, said Monday that the prices would be 10-15% lower than market levels.
* Dai-ichi Life Vietnam has launched a new product, "Anticipated Endowment", which can bring the insured total guaranteed benefits of up to 236% as of the policy due date for the 20 year policy. The company has designed the product available in four policy term options: eight, 12, 16 and 20 years.
* Duc Long Gia Lai Corp decided to raise its registered capital from 270 billion dong to 370 billion dong at an annual shareholders' meeting this Sunday. At the meeting, the corporation also mapped out their development and investment plans for the coming years.
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.
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