Business Briefs 03 Jun 2019

03-Jun-2019 Intellasia | | 8:23 AM Print This Post

* Viet Thang Corporation (TVT) will spend VND210 billion paying a dividend at VND10,000 or each share for 2018 on the record date set for June 20. The company will make the payment on July 25. TVT made a consolidated net profit of VND19 billion on revenue of VND489 billion in the first quarter of this year, down 20.7% and 22.5% year-on-year, respectively.

* Aviva Vietnam Life Insurance Company has launched a new product called “Aviva – Chon An Vui” an insurance policy combining long-term protection and savings. The new product offers different packages that are expected to provide suitable protection plans for customers in different stages of their life.

* HCMC Infrastructure Investment Company, the parent firm of BB Investment Corporation (NBB), has acquired over 1.28 million NBB shares to raise its ownership to 54%, equivalent to over 50.4 million shares of the property firm.

* Lilama 10 Company (L10) has chosen June 14 as the record date for shareholders to receive a 2018 cash dividend at 10%. The firm will make the payment from June 28.

* The Vietnam Electricity Group (EVN) will auction all 4.04 million shares, or a 48.78% stake, of Power Engineering Consulting Company 3 (TV3) via the Hanoi Stock Exchange on June 25. EVN will sell the shares at an initial price of VND76,700, a wide premium over the current market price of around VND44,000. Currently, Toan Viet Investment JSC holds over 634,000 shares, or a 7.67% stake, of TV3 while an individual shareholder named Tran Quoc Dien owns over 498,000 shares, equal to 6.02%.

* Danang House Development Company (NDN) has decided to sell 3.5 million treasury shares, with transactions expected to take place between June and July his year. The selling price will be the average level of the recent 60 sessions.

* Dao Ngoc Thanh, chairman of Cotana Group (CSC), will be buying 1.5 million CSC shares from now to June 28. Thanh is holding nearly 3.5 million shares of the real estate firm, or a 17% stake.


Category: Business, Vietnam

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