Business Briefs 01 April 2019

01-Apr-2019 Intellasia | | 9:11 AM Print This Post

* Hoang Huy Investment Financial ervices Company (TCH) has issued VND600 billion worth of convertible bonds for two South Korean investors, Shinhan Bank and Shinhan – Core Trend Global Fund 1. Of the amount, Shinhan Bank bought VND311.2 billion, or 51.97% of the total, and Shinhan – Core Trend Global Fund 1 acquired the remaining VND287.6 billion, The three-year debt comes with the conversion price of VND16,550 per TCH share. In 2019, TCH plans to issue another VND600 billion worth of convertible bonds with the same tenors in the September-November period. The firm wants to spend the proceeds on its real estate projects in Haiphong City.

* The board of directors of Yeah 1 Group (YEG) has picked Nguyen Ngoc Hung, founder and CEO of Yeah1 Network, and Bui Huu Nhat as deputy general directors of the group. In addition, the board also replaced Le Thi Bich Hang with Nguyen Van Nam as member of the Internal Control Subcommittee from March 20. Earlier this month, YEG share price plunged for 13 sessions in a row after YouTube decided to end cooperation with its subsidiaries.

* HDBank has launched a credit package for petrol stations of Vietnam National Petroleum Group and PetroVietnam Oil Corporation, offering low-interest loans worth around VND5 trillion to retailers and agents. A petroleum station can get an unsecured loan of up to VND1 billion while an agent can borrow up to 05 billion.

* Shareholders of Van Phat Hung Corporation (VPH) have set the 2019 net profit target at VND156 billion, up 6.5% compared to 2018, from its revenue of VND544 billion, falling by 33%. This year, the firm wants to invest in various fields including hi-tech agriculture, while paying a cash dividend of VND500 to VND 1,000 per share and a share dividend at the 20-for-100 ratio.

* Nguyen Hung Cuong, deputy general director of Development Investment Construction Company (DIG), has registered to buy five million share of DIG to secure a 4.8 stake in the enterprise.

* Nguyen Dinh Khai, deputy general director of Central Pharmaceutical Company No, 3 (DP3), has bought over 339,000 DP3 share to raise his ownership to 10.46%, equal to 711,000 shares.


Category: Business, Vietnam

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