Business Briefs 01 Oct 2018

01-Oct-2018 Intellasia | | 9:09 AM Print This Post

* Saigon Beer-Alcohol-Beverage Corporation (SAB) has announced its first-round 2018 interim cash dividend of VND1,500 a share. The record date is on October 17 and the payment date is expected to be October 31. The remaining cash dividend for 2018 amounts to VND2,OOO per share, of which the record date is scheduled to be in December.

* Phuc Hung Holdings Construction Company (PHC) will debut on the Hochiminh Stock Exchange on October 3, offering over 20.8 million shares at the reference price ofVND16,300. PHC plans to spur its chartered capital to VND356 billion by paying dividend at 12%, selling shares to existing shareholders at a 1-for-5 ratio and offering

eight million shares to strategic shareholders. The firm formerly was listed on the Hanoi Stock Exchange.

* Vinhomes Company (VHM) will issue nearly 670 million shares for dividend payment at a 2.5-for-10 ratio, with the record date set at October 4. The enterprise now has an outstanding share volume of nearly 2.68 billion. VHM obtained V D15.5 trillion in revenue and VND8.1 trillion in after-tax profit in the first six months ofthis year,

meeting 63% and 43% of this year’s goals, respectively.

* Bao Viet Life Insurance Corporation has offloaded its entire 2.4 million shares of Tan Binh Import-Export Corporation (TIX), equal to a 9.1 % stake.

* Saigon Real Estate Company (SGR) has decided to invest VND60 billion in the establishment ofTuan Minh Real Estate Co., Ltd, securing a 50% stake in the latter.

* Southern Waterborne Transport Corporation (SWC) plans to buy back 6.71 million shares in a move to stabilize its share prices. SWC did not specify the timeframe for the purchasing plan. With the current price of VND13,300 each, SWC will spend an estimated VND89.2 billion buying the shares. SWC earned a net profit of D28

billion on revenue ofVND58 billion in the second quarter of the year, up 125% and 44.7% year-on-year, respectively.

* Vietnam National Reinsurance Corporation has registered to sell one million shares of Petrolimex Insurance Corporation (PG!) from now to October 27. Once completed, VNR will reduce its holding at PGI from 7% to 5.9%.


Category: Business, Vietnam

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