Business Briefs 04 Jul 2019

04-Jul-2019 Intellasia | | 9:52 AM Print This Post

* Licogi 16 JSC (LCG) plans to issue 30 million shares in a private placement to raise its registered capital by 30% to VND1.3 trillion in 2019. LCG wants to sell the shares to existing shareholders at a 10-for-3 ratio at VND10,000 each. The builder also plans to issue a maximum of VND500 billion worth of convertible bonds in a private placement this year. The five-year debt will have a face value of VND100,000 each and will be converted into shares at VND10,000 per share or higher. Its first half profit of VND97 billion on revenue of VND1.12 trillion.

* ACC Binh Duong Investment and Construction JSC (ACC) has chosen July 17 as the record date to pay a 2018 cash dividend of 18% for its shareholders. The payment is slated for August 8.

* Vietnam National Reinsurance Corporation (VNR), a shareholder of Petrolimex Insurance Corporation (PGI), plans to offload its entire 3.22 million PGI shares, equal to a 3.64% stake, via matching and put-through transactions from July 2 to 30.

* Nguyen Manh Hung, chairman of Nafoods Group JSC (NAF), bought more than 1.54 million NAF shares via the put-through method from June 18 to 25. He spurred his ownership in NAF to 27.31 %, or some 11.8 million shares. Meanwhile, Ryan Walter Galloway, Deputy Chief Executive Officer and Sales Director of NAF, sold 15,000 shares, via matching transactions on June 27, lowering his stake in the group to 0.06%, or 25,980 shares.

* Vu Thi Hien, the wife of Hoa Phat Group JSC (HPG) chairman Tran Dinh Long, acquired nearly 850,000 HPG shares late last month, raising her stake in the firm to 7.32%, or around 202 million shares.

* Construction JSC No.3 (VC3) intends to offer more than 28.3 million shares to its current shareholders at VND10,000 per share. The company also plans to issue over 4.2 million shares to pay a dividend for 2017, which is scheduled for the third quarter of 2019.


Category: Business, Vietnam

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