Business Briefs 03 April 2019

03-Apr-2019 Intellasia | | 9:13 AM Print This Post

* The board of directors of Khang Dien House Trading and Investment Company (KDH) has proposed paying 2018 dividend in cash at VND500 per share and in stock at 5%. The company will also issue shares to existing shareholders at a ratio of 25-for-100 (25 new shares for every 100 shares held). The board has also proposed an issuance of 6.2 million shares for employees at the price of VND15,000. The lock-up period is expected to be one year.

* Century Land Company (CRE) estimates its pre-tax profit at VND100 billion on revenue at VND400 billion in the first quarter of this year. CRE targets a pre-tax profit of VND562.5 billion on revenue of VND2.56 trillion in 2019, up 40% and 52% against last year, respectively. The realty firm expects its revenue at VND5 trillion in 2020. CRE plans to issue shares for existing shareholders at a 1-for-1 or 0.5-for-1 ratio in the third quarter of this year, said Viet Capital Securities Company.

* Vietnam International Bank (VIB) has launched a promotional program under which customers who open term deposits worth a minimum of VND100 million at the bank will have the chance of winning gifts valued at VND2.5 million. There are 30,000 gifts totaling VND5 billion under the program, which runs until June 30

* An Phu Irradiation Company (APC) plans to offer 11.8 million shares to existing shareholders to raise funds for its plant in Bac Ninh Province. The selling price is estimated at VND25,000 and the issuance ratio will be 1-for-1.

* Taiwanese shipping company Wan Hai Lines has acquired a 20% stake in Danang Port Company (CDN) to become a major shareholder of the firm. The purchase was made through its sub-unit Wan Hai Lines (Singapore) Pte Ltd. CDN shares were purchased for VND20,000 per share, bringing the total, alue of the deal to VND396.6 billion.

* Dabaco Group (DBC) will close its shareholder list to issue 8.28 million shares to pay a 2018 dividend at a 10-for-100 ratio on April 16. The firm targets a net profit of VND356 billion on revenue of VND10.4 trillion in 2019, up 5% and 28% against last year, respectively.


Category: Business, Vietnam

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