Business Briefs 02 March 2020

02-Mar-2020 Intellasia | | 9:48 AM Print This Post

* Nguyen Viet Cuong, board chairman and general director of KOSY JSC (KOS), will sell 10 million KOS shares between March 3 and 14. If successful, his ownership would fall from 50.34 million to 40.34 million shares, or from 48.52% to 38.87%, according to Dau tu Chung khoan newspaper.

* FWD Vietnam Life Insurance Company Limited (FWD) has launched a new coronavirus insurance product designed to enhance protection for customers during the coronavirus epidemic. The insured will be paid VND20 million per person if they test positive for the new coronavirus. In case of death, the insurer would pay up to VND300 million per person.

* Noi Bai Cargo Terminal Services JSC (NCT) has chosen March 9 as the ex-dividend date to pay a 2019 first-round dividend in cash at 40%, with the record date set for March 10. The payment will start from April 8.

* HCM Development Joint Stock Commercial Bank (HDB) will put on sale over 18.37 million treasury shares for the bank’s staff between March 9 and April 7, with each share priced at VND10,000. The shares will be restricted from transfer in three years.

* Ngo Thi Ngoc Lieu, the mother of Cao Tan Thach who is a board member of Nam Long Investment Corporation (NLG), sold 245,000 NLG shares via order matching and put-through deals to lower her holding to 6.3 million shares. The transactions were conducted from February 19 and 25.

* The board of Tai Nguyen Corporation (TNT) has approved a plan to divest its capital at Tai Nguyen Investment-Trading-Service JSC.

* Investment group Dragon Capital offloaded over seven million shares at Song a Urban & Industrial Zone Investment and Development JSC (SJS) on February 24, equivalent to a 6.16.% stake, via put-through deals. Each share was traded at VND21,000.

* West Ocean Invest JSC sold 2.6 million shares at GTNFoods JSC (GTN) on February 20, cutting its holding at GTN to 32.4 million shares, or a 12.96% stake.


Category: Business, Vietnam

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