Business Brief January 22

22-Jan-2015 Intellasia | | 3:14 PM Print This Post

* SSI Asset Management Company has registered to buy an additional 4.5 million shares of PAN Pacific Corporation (PAN) to scale up its ownership to nearly 14 percent from the current 11.6 percent within one month starting from January 22.
* Dat Xanh Real Estate Service and Construction Corporation (DXG) has got approval to add 25.7 million shares on the Hochiminh Stock Exchange to raise its total outstanding volume to 100.7 million shares. The new shares will be tradable on December 14.
* Nguyen Dinh Thai, a board member of Cuu Long Petro Urban Development and Investment Corporation (CCL), will acquire an extra one million CCL shares to raise his holding to one million and 20,000 shares within three weeks starting from January 23.
* Vietcombank Securities Company earned profit of VND2 billion (US$93,800) on revenue ofVND73.5 billion in the fourth quarter of last year, down 95 percent and 29 percent year-on-year respectively. It posted VND96 billion in profit and VND353 billion in revenue in all of 2014, up 35 percent and 43 percent respectively against the year earlier.
* Ben Tre Aquaproduct Import and Export Company (ABT) has announced January 27 as the ex-dividend date to pay a 2014 fourth round dividend in cash for shareholders at 15 percent.
* Individual investor Nguyen Thi Thu Thuy has registered to sell her entire stake totalling 60,000 shares (0.6 percent) of Cuu Long Pharmaceutical Corporation (DCL) from January 22 to February 12.
* Ngo Viet Hai, a board member of Central Area Electrical Mechanical Company (CJC), has registered to sell 100,000 CJC shares to lower his stake to 13.3 percent from nearly 18.3 percent between January 23 and February 13.
* Song Da 11 Company said it would advance a 2014 first round dividend in cash for shareholders at 10 percent on February 10.
* Individual investor Nguyen Nhu Hoa will offload 195,000 shares ofHa Tay Pharmaceutical Company (DHT) to reduce her stake from 8 percent to 5 percent in two weeks starting from January 21.
* TNG Investment and Trading Company (T G) plans to pay a 2014 second round dividend in cash for shareholders at 6 percent in April.
* The prime minister has given ‘in principle’ approval for Vinh Airport in Nghe An Province to operate as an international airport, reports. The airport served 1.25 million passengers last year and its annual growth in the past 13 years is 43.89 percent. The airport is expected to handle 2.5 million passengers in 2020, which will rise to seven million in 2030.
* Vietnamese minister of Defense Phung Quang Thanh and Lao counterpart Sengnouan Xayalath yesterday signed a protocol on defense cooperation and the 2015 cooperation plan. Both sides will continue exchanging and sharing information, enhancing management, and protecting the border line
* From now until February 6, Vietnam Airlines is selling promotional tickets for some domestic air services under the “Golden moments” programme. The promotional fares of Hanoi-Chu Lai; HCM City-Quy Nhon; Hanoi-Carn Ranh/Quy Nhon/ Can Tho/Tuy Hoa and HCM City- Vinh; Hanoi-Da Lat and HCM City- Thanh Hoa/Hai Phong flights start from VND499,000, VND599,000, VND999,000 and VND1.099 million respectively, exclusive of taxes and surcharges, and applicable for flights departing between tomorrow and March 31.
* Mien Dong Coach Station yesterday started the second round of ticket sales for coach trips from HCM City to other parts of the country in the run up to the Lunar New Year holiday, Tet, which starts on February 19. Tickets will be available at the station in HCM City’s Binh Thanh District until February 14. Passengers did not queue in long lines in front of ticketing booths yesterday as seen a week earlier at the station. Fares for the coach trips during the period are 20-60 percent higher than on normal days. For example, Hoang Long Transport Company raises one-way fares by 20 percent to around VNB1.2 million for the HCM City-Hai Phong route with departures from January 31 to February 4, by 40 percent to VND1.4 million for the trips on February 5-8 and by 60 percent to VND1.6 million on February 9-18. Mai Linh Group advised passengers to book tickets via telephone instead of at its ticketing booths at the station.


Category: Business, Vietnam

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