Business Briefs 01 Aug 2018

01-Aug-2018 Intellasia | | 8:59 AM Print This Post

* Due Thanh Wood Processing Company (GDT) has chosen August 7 as the record date to advance a 2018 first round dividend in cash for shareholders at 20%. The firm is expected to spend VND32.6 billion on the dividend payment given its current outstanding volume of 16.3 million shares. This year, GDT plans to offer a dividend payment ratio of 50% to 60%, in either cash or share.

* Saigon General Service Corporation (SVC) said its consolidated net profit rocketed 80.3% year-on -year to VND35.3 billion in the second quarter of this year. The firm’s consolidated revenue dropped 11.6% to VND3.16 trillion in the period.

* Following Vietnam Airlines’ (HVN) 1-for-0.l,558 new share issuance to existing shareholders, the Ministry of Transport has registered to buy 164.7 millionnewHVN shares atVND10,OOO per share, equivalentto 15.58% of the ministry’s current total number of HVN shares, thereby retaining its 86.16% stake in HVN. The transaction will be completed on July 31. The ministry will pay the carrier VND578.4 billion in cash to purchase 57.8 million new shares, with the remaining 106.9 million new shares to be financed by the Enterprise Revaluation Fund account on HVN’s balance sheet, which belongs to the transport ministry.

* Hanoitouristwill auction its 25% stake on the Hanoi Stock Exchange on August 13, with the starting price set at VND 13,000 each. The enterprise is capitalized at VND 100 billion with 25% held by Thang Loi Ha Noi Company and 50% held by NHS Construction and Investment Company.

* Petrolimex Nghe Tinh Transport and Service Company (PTX) started trading 3.45 million shares on the market for unlisted public enterprises, or UPCoM, today at the starting price ofVNDlO,OOO each. Established in 2000, PTX has chartered capital ofVND34.5 billion, in which 51 % was held by Petrolimex Transportation Service Corporation.

* Vietnam Natural Resources and Environment Corporation has offloaded over 978,000 shares of Cadastre and Environmental Resources Company (CER), or a 73.3% stake in the enterprise.

* Lam Thao Fertilizers and Chemicals Company (LAS) said its net profit declined 18.2% year-on-year to around VND41.3 billion in the second quarter of this year. Its revenue decreased 13.4% to VND997.4 billion in the quarter. LAS attributed the decreases in its profit to the domestic saturated fertilizer market.


Category: Business, Vietnam

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