Business Brief March 02

02-Mar-2016 Intellasia | | 4:00 PM Print This Post

* Tan Tam Ma Investment Company has registered to buy five million shares ofHochiminh City Infrastructure Investment Company (CII) to double its stake in CII to 3.9 percent from March 3 to April 1.

* Hoang Huy Investment Services Company (HHS) plans to issue 11.6 million shares to pay a 2015 dividend for shareholders at 5 percent. HHS has chartered capital ofVND2.33 trillion, equivalent to 233 million shares, and is active in the retail sector.

* Cotec Construction Company (CTD) has broken ground for Worldon plant inHCMCity’s Cu Chi District, which is invested by Worldon Vietnam Company Limited to produce fashion items. CTD said the contract signed with Worldon is worth VND300 billion. Last year, CTD posted over VND 13.6 trillion revenue and VND666 billion after-tax profit.

* Vietnam-Italy Steel Company (VIS), based in thenorthern provinceof Hung Yen, will be put under special surveillance from March 4 as it incurred losses ofVND19.4 billion in 2014 and VND71.3 billion in 2015. Trading ofVISshares will be suspended from the same date.

* The Hochiminh Stock Exchange has announced to delist Hanoi-headquartered Phu Thinh Metallurgy Company (PTK) over its violation of regulations on information disclosure, which affects the rights of investors. PTK has a total outstanding volume of 21.6 million shares.

* Phuoc Hoa Rubber Company (PHR) posted VND1.23 trillion revenue and VND211.69 billion net profit in 2015, down 23.5 percent and 19.8 percent from a year earlier respectively. The full-year earnings per shares were VND2,697.

* TNG Investment and Trading Company (TNG) has added 5.48 million shares on the Hanoi Stock Exchange to revise up its total outstanding volume to 29.6 million shares. The new shares will be tradable on March 3.

* Hoang Van Toan, general director of Petro Song Da Trading and Investment Company (SDP), will acquire 50,000 SDP shares to double his ownership to 0.8 percent over one month starting from March 2.

* SSI Asset Management Company has registered to sell 700,000 shares of Viglacera Ha Long Company (VHL) to reduce its holding to 1.5 million shares (9.4 percent) between March 3 and April 1.


Category: Business, Vietnam

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