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| Business and stock briefs March 11 |
| 11/Mar/2010 Intellasia |
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| 11 Mar, 2010 - 1:57:48 PM |
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* State Securities Commission (SSC) has recently approved Song Da Infrastructure Construction Joint Stock Co (SDH) to issue ordinary shares to the public to hike chartered capital from nearly 52 billion dong to 209.5 billion dong.
* Hong Ha Petroleum Joint Stock Co (PVC Hong Ha) on March 10 introduced investment opportunities in PVC Hong Ha's shares at Vietnam Direct Securities Co.
* Southern bourse-listed Phuc Tien Trade and Production Joint Stock Co (coded PHT) on March 10 announced to close the list of shareholders on March 24 to pay 2009 dividend in shares and offer shares to the existing shareholders.
* The 40.5 billion dong Post and Telecommunication Trading Joint Stock Co registered for listing 4.05 million shares on Hanoi Stock Exchange under the share code of CKV.
* Duc Long Gia Lai Investment and Development of Public Project Service JSC (DL1), under Duc Long Gia Lai Group, yesterday officially listed 1.5 million shares on the Hanoi Stock Exchange (HNX), starting the future listing of 18 member companies of Duc Long Gia Lai.
* Hanoi Stock Exchange (HNX) on March 10 announced receiving two listing registration documents from United Motor Vietnam Joint Stock Co and SME Securities Joint Stock Co (SMES).
* Hoa Binh Securities Joint Stock Co (HBS) has recently reported business results in 2009 with 83 billion dong of revenue, up 260.8 percent against 2008's figure.
* Trang An Securities Joint Stock Co (coded TAS) announced to contribute capital in Fortika Joint Stock Co with holdings ratio of 14.99 percent.
* Thang Long Securities Co has acquired over 450,000 shares of An Phu Irradiation Co (APC) to obtain a 5.2% stake in the enterprise.
* Manulife Progressive Fund (MAFPFl) has announced its net asset value (NAV) per unit by March 4 was 7,236 dong, increasing by 231 dong from the previous week. Prudential Balanced Fund (PRUBFl) has announced its NAV by March 4 was 9, 187 dong, increasing by 76 dong from the week earlier.
* Tuong An Vegetable Oil Co (TAC) has announced March 18 as the ex-right date for shareholders to receive 2009 dividend in cash at 14%.
* The Hanoi Stock Exchange has permitted Nha Be Steel Co to trade 20 million shares on the market for unlisted public firms, or UPCoM.
* Vinh Hoan Corporation (VHC) has got approval to trade 5.3 million additional shares on the southern bourse.
* Bao Viet Securities Co has offloaded 263,400 shares of Phuc Tien Trade Manufacture Co (PHT) to decrease its ownership from 13.9% to 11.5%.
* Khang Dien House Trading and Investment Co. (KDH) has announced to increase its stake in Khu Dong Real Estate Investment and Trading Co from 35% to 54.5%.
* Binh Duong Mineral and Construction Co (KSB) has announced March 18 as the ex-right date to advance 2009 first round dividend for shareholders at 10% in cash.
* Binh Duong Transportation and Construction Joint Stock Co (BCC Co) has recently announced business results in January with 34.5 billion dong of revenue and 4.477 billion dong of after tax profit.
* During the year 2009, Tien Giang Vegetable and Fruits Joint Stock Co (Vegetigi) reported gaining over $5.8 million from export turnover, total revenue from sales and service provision at 160.4 billion dong, and 7.215 billion dong of after tax profit.
* Lilama 45.4 Joint Stock Co (HNX coded L44) reported signing a 165 billion dong deal with China Aluminium International Engineering Corp Limited (Chalieco) to carry out the Lam Dong bauxite aluminium project within this quarter.
* Northern Vietnam Japan Gas Joint Venture (NVJG) started construction works on a new industrial air separation plant with designed capacity of 110 tonnes per day in Thang Long 2 industrial zone, Yen My Dist, Hung Yen province on March 9, 2010.
* Vietnam Petroleum Transport Joint Stock Co (Vipco – coded VIP) has lately announced to concentrate on port services and real estates in 2010, stated Nguyen Dao Thinh, Vipco's chair of management board in the meeting with investors held by International Royal Securities Co in March 10, 2010.
* Switzerland-based ABB Group has officially put into operation the new electrical equipment factory worth $30 million in Bac Ninh province on March 11 after 15 months of construction.
* VTC Multimedia Telecommunication Corp (VTC) and Electricity of Vietnam (EVN) Group have signed a strategic cooperation contract yesterday March 10.
* During the recent meeting with Italian enterprises in HCM City, Tomaso Andreatta, chair of Italian Chamber of Commerce in Vietnam said Italy would like to concentrate on developing trade relations with Vietnamese partner.
* HCM City People's Committee decided to revoke investment certificates of 40 property projects with total registered capital of $1.77 billion because of the tardiness in implementation, according to a report to Ministry of Planning and Investment.
* Hoa Phat Group Joint Stock Co (coded HPG)'s director board has recently approved business and production plan in 2010 with 1.35 trillion dong of profit after tax and 12.34 trillion dong of revenue, equalling to 49.7 percent growth and 5.3 percent respectively.
* Vietnam Commerce and Industry Securities JSC (VICS coded VIG) officially owned 30 percent of investment capital of Hanoi ICT Tower project at Land Lot E9, opposite National Conference Centre, Pham Hung St, Hanoi.
* Accor International Hotel Management Group plans to double the group's hotel rooms in Vietnam in 2012.
* Vietnam Laos Rubber Joint Stock Co held the groundbreaking ceremony of a rubber processing plant yesterday March 10 in Pakse dist, Champasak province, Laos. The new plant has designed capacity of 15,000 tonnes per year.
* Vietnam National Petroleum Corporation has pledged to announce oil and gas price calculations on its website of www.petrolimex.com.vn next week. The enterprise will announce details on fuel import prices from Singapore, tariffs, discounts and business costs.
* Hung Yen Trading Tourism Joint Stock Co has opened a centre for vehicle driving training and test in Kon Tum Province with initial scale of 1,000 students. The centre is expected to provide training for 5,000 persons each year.
* PetroVietnam Technical Service Joint Stock Corporation (PTSC) has signed an EPCI (Engineering- Procurement -Construction- Installation) contract worth $57 million with Dai Hung Oil-and Gas Co under Petro Vietnam Exploration Production Corporation. The contract includes detailed engineering, construction design, procurement for equipments and materials, loading and transportation of equipments, installation, and testing.
* Hoan MyThao Dien international medical centre was put into operation in HCM City's District 2 on Monday. The centre serves obstetrical scans, biochemical tests, and endoscopies.
* Saigon Agriculture Inc has launched a 21-billion dong biogas-fueled power project into operation at Phuoc Long Pig Breeding Farm in HCM City's Cu Chi Dist. The power plant includes four generators with output of 640,000 kilowatts per year.
* Hanoi Sports and Entertainment Service Investment Joint Stock Co broke ground for the Soc Son international golf course and entertainment area project in Hanoi's Soc Son Dist on March 9. The $100-million project is among key projects to celebrate the 1,000th anniversary of Thang Long-Hanoi capital.
* Khanh Hoa Power Co (KHP) has announced the establishment of a centre to provide consultancy services for the electricity construction sector.
* DIC Investment and Trading Co (DIC) obtained an after-tax profit of 593 billion dong last year, or 79% higher than the 2009's plan.
* PetroVietnam Insurance Joint Stock Corp (coded PVI)'director board on February 26 approved 2009 business results and business target in 2010.
* At Eximbank, up to 14 gold deposit terms from three to 60 months carry an interest rate of 0.5 percent pa. Particularly the terms of 1-2 months, the gold deposit rate will be lower, 0.2 and 0.35 percent/year correspondingly.
* At the official inaugurating ceremony of Lien Viet Commercial Joint Stock Bank (LienVietBank)'s An Giang Branch (Lien Viet An Giang) on March 6, Nguyen Duc Huong, deputy chair of LienVietBank's director board said that after starting operation, Lien Viet An Giang will play an important role in carrying out the "investment and development of agricultural and rural credit in Mekong Delta" project during 2010-2013.
* Hanoi Building Commercial Joint Stock Bank (Habubank)'s shareholders' meeting recently approved a plan to list shares on Hochiminh Stock Exchange (STC) in Q3 or Q4, 2010 and issue 1.05 trillion dong of convertible bonds.
* Vietnamese bank Orient Commercial Joint Stock Bank or OCB, and Diebold Group, one of the world's biggest ATM providers, yesterday officially signed a memorandum of understanding on cooperation.
* During the first two months of this year, Saigon Thuong Tin Commercial Joint Stock Bank or Sacombank (STB) reached 300 billion dong in pre-tax profit excluding combined profit from member companies, a year-on-year rise of 35 percent.
* Sacombank, Baoviet and ACB have connected their ATM systems into the Smartlink network to provide better ATM convenience for cardholders. The Smartlink system has around 5,500 ATMs and 25,000 points of sales.
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