Business Brief March 11

11-Mar-2016 Intellasia | | 3:48 PM Print This Post

* HSBC Vietnam on Tuesday launched a promotion programme which lasts until May 29 with a number of incentives for new and existing cardholders. For instance, 60 return air tickets for flights from Vietnam to Thailand, Singapore and Malaysia will be given to Visa Classic and Visa Gold cardholders who are the first persons to have weekly spending of at least VND5 million. There are 16 Vietnam-Maldives package tours offered free to Visa Platinum cardholders who are the first persons to spend a minimum of VND15 million weekly.

* Asia Value Investment Limited has registered to sell its entire stake amounting to 1.38 million shares (0.7 percent) of Khang Dien Investment & Trading House Company (KDH) from March 10 to April 8.

* Nguyen Nhan Bao, chair of An Duong Thao Dien Company (HAR), will be buying one million HAR shares to revise up his ownership by one percentage point to 5.9 percent within one month starting from March 11.

* Dam Sen Water Park Corporation (DSN) has chosen March 17 as the ex-dividend date to pay a 2015 final round dividend in cash at 11  percent and by shares at 25 percent for shareholders. The firm plans to issue 1.52 million bonus shares for existing shareholders at 18 percent, DSN said in a statement sent to the Hochiminh Stock Exchange.

* Nguyen Ngoc Anh, chair of SMC Investment Trading Company (SMC), has registered to buy 200,000 SMC shares to raise his holding to 5.5 million shares (18.8 percent) over one month beginning from March 11.

* Viglacera Tien Son Company (VIT) said on its website that it is looking to generate revenue of VND1.02 trillion and pre-tax profit of VND70.5 billion this year. Last year, VIT’s revenue rose 0.6 percent year-on-year to VND681.8 billion, and its net profit soared 34.5 percent to VND37.3 billion.

* Thien Hai Trading and Investment Company will be buying 100,000 shares of Vinafreight Company (VNF) to increase its stake in VNFto 120,900 shares (2.1 percent) between March 10 and April 8.

* Petrolimex Hanoi Transportation & Trading Company (PJC) said it would advance a 2015 dividend in cash for shareholders at 12 percent on March 28.

*South Korea’s Tae Kwang Industrial Co has been given an investment certificate to develop infrastructure at Hung Phu 2B Industrial Park and a shoe manufacturing plant worth over $171 million, Sai Gon Giai Phong newspaper reports, citing the Can Tho Export Processing and Industrial Zones Authority. Phase one of the plant will be put into operation early next year.


Category: Business, Vietnam

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