Intellasia News Services -- Company, bank, stock market briefs July 14

Company, bank, stock market briefs July 14
Source: 14/Jul/2008 Intellasia
14 Jul, 2008 - 12:03:57 PM

* State Securities Commission's chair recently issued Decision No 140/UBCK-GP modifying the business license of PetroVietnam Securities Co (PVSC) with the new chartered capital of 287.25 billion dong. PVSC was granted the establishment license on December 20, 2006 with the initial chartered capital of 150 billion dong.

* Ho Chi Minh Stock Exchange (STC) recently announced that on July 22, Tan Hoa Plastic Joint Stock Co (coded VKP) would close the shareholders list to pay at 8% dividend in cash for the second phase of 2007 (800 dong per share).

* Hanoi Securities Trading Centre (HaSTC) on July 11 approved in principle the Viglacera Ha Long Joint Stock Co to list seven million shares at 10,000 dong par worth 70 billion dong in total on the northern bourse.

* Hanoi Securities Trading Centre (HaSTC) recently announced that on July 16 it would hold a tender for 500 billion dong of G-bonds issued by the Vietnam Development Bank (VDB) for the third tranche of 2008. These bonds including 10-year term worth 300 billion dong and 15-year term worth 200 billion dong will be issued on July 18 under the book entry method.

* The HCM City-based Infrastructure Investment Joint Stock Co (coded CII) on July 11 announced that it registered to buy its 1.5 million more shares within three months from July 17 to October 17 under the method of matching orders to make fund shares.

* At the 15 year anniversary of Mai Linh Group (coded MLG), the groups' chartered capital has been risen to 980 billion dong from the initial capital of 300 million dong. This year MLG targets to reach 3.68 trillion dong in revenue.

* Sacombank Securities Co (SBS) and DST International (DSTi) recently officially launched DSTi's Equities Trading Solution (ETS) and Back Office Solution for Trading (BeST). With this model, SBS became Vietnam's first securities broker successfully applying this new software that enables the link of business activities among SBS's transaction sites nationwide.

* The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank-coded STB) recently announced the plan of 2007 dividend payment and reported it is waiting for the shareholders' approval to change the public share-offering plan in 2008. Under it, the bank would pay a 15% dividend in shares (15 new shares for 100 shares held) for 2007. The ex-interest date is on July 23. The transaction date is scheduled on September 15.

* Military Commercial Joint Stock Bank (MB) recently reported that ending the first half of the year, MB's total assets reached over 30 trillion dong, total deposits rose by 20% and outstanding loans grew by 25% against the start of the year. Notably, the bank's total profit accounted for 61% of the year's plan whereas the bad debt ratio in H1 was at nearly 1%.

* The Eastern Asia Commercial Bank (EAB) recently released the first half's business result with over 404 billion dong from pre tax profit, equalling to 57.8% of the year's plan. Up to the start of July, EAB's total assets reached 32.863 trillion dong, or 82% of the year's target, 28.078 trillion dong in total deposits or 100% of the year's figure and 24.761 trillion dong in outstanding loan, equalling to 95% of the year's goal.

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.