Business Briefs 02 December 2019

02-Dec-2019 Intellasia | | 9:38 AM Print This Post

* Vnsteel-Vicasa JSC (VCA) has applied to list 15.19 million shares on the Hochiminh Stock Exchange (HOSE), according to HOSE. The firm has been trading its shares on the market for unlisted public companies (UPCoM) since February 2011. VCA is planning to pay a 2019 cash dividend of 15%, projecting its revenue at VND2.9 trillion and its after-tax profit at VND24.1 billion this year.

* MB Capital Management JSC and some of its funds, including MBGF, MBVF and JAMPF, ave sold some 4.3 million shares in Vietnam Electrical Equipment Corporation (GEX) to lower its holding in GEX to 4.32%, or 21 million shares. MB Capital earned an estimated VND89 billion from the transaction.

* Viet Phat Import Export Trading Investment JSC has projected its 2020 net revenue at D2.8 trillion, up 6% against the 2019 estimate; but its after-tax profit is targeted at VND56 billion, down 30%.

* Danang Rubber JSC (DRC) has announced December 9 as the ex-dividend date to pay a 2019 cash dividend at 5%. The payment date is slated for December 25.

* FPT Digital Retail Company (FRT) has booked D1.3 trillion in revenue in October, up 3% year-on-year. Between January and October, its total revenue added 12% at VND13.7 trillion. FRT is set to push up the development of its online retail channels, expand its store chains and raise the number of its Long Chau pharmacies to 70 in the coming time.

* Pham Anh Tuan, a major shareholder of Son Ha International Company (SHI), has sold over 1.81 million SHI shares to cut his ownership in the firm to over 3.37 million shares, or a 3.89% stake.


Category: Business, Vietnam

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