Business Briefs 01 Nov 2019

01-Nov-2019 Intellasia | | 9:31 AM Print This Post

* Truong Hai Auto Corporation (Thaco), a large shareholder of Hoang Anh Gia Lai Agricultural Company (HNG), has registered to buy an extra five million HNG shares from October 31 to November 30 via order-matching and put-through transactions. If successful, Thaco will raise its ownership in HNG from 26.29% to 26.74%.

* Dinh Viet Thanh, deputy general director of PVC Petro Capital & Infrastructure Investment JSC (PTL), has registered to off load more than 15 million PTL shares, or a 15.23% stake. Transactions are expected to be executed via put- through and order- matching from October 29 to November 27. From July, he had registered to buy some 23 million PTL shares for four times but he was able to buy only 1.4 million shares.

* Yeah1 Group Corporation (YEG) has agreed to acquire a 50% stake in MediaOne for VND 138.6 billion. Of the total, a 25% stake was offered by MediaOne via a private placement and the remaining by MediaOne director Bui Thien Ha.

* Phung Van Thai, general director of Tien Bo Group JSC (TIB), has sold one million TIB shares via put-through, reducing his ownership at TIB to more than 4.07 million shares, or 8.7%. Meanwhile, TIB Deputy General Director Phung Thi Nam has registered to offload over 1.82 million TIB shares. Transactions will be conducted from October 29 to November 27.

* HCMC Securities Corporation (HSC) has signed a loan facility agreement worth US$50 million with 10 foreign financial institutions, represented by Taiwan’s SinoPac Bank. The loans will be used to invest in bonds listed on the Hochiminh Stock Exchange or for margin lending.

* SSI Securities Corporation (SSI) has plans to increase its charter capital to more than VND6 trillion and remains the largest securities company in terms of charter capital in the local market. The capital hike is aimed at supporting its business activities in the coming periods. SSI has also adjusted its targets for this year. Accordingly, it expected to generate VND2.95 trillion in revenue and VND1.1 trillion in pre-tax profit, down 21.9% and 35.5%, respectively, over the earlier approved figures.


Category: Business, Vietnam

Print This Post