Business Briefs 05 Dec 2018

05-Dec-2018 Intellasia | | 9:12 AM Print This Post

* The Pan Group (PAN) has registered to buy 9.8 million shares, or a 31 % stake, in pesticide producer Vietnam Fumigation Company (VFG) at VND38,500 each from December 3 to January 1, 2019. PAN expects to raise its current ownership in VFG to 16.1 million shares, or a 51 % stake, from its current 20% stake, or 6.3 million shares. Recently, PAN conducted many merger and acquisition transactions with firms operating in the agriculture sector, aiming to complete its “Farm-Food-Family” business model and become one of the top agricultural firms in Vietnam, said Viet Capital Securities Company.

* Phu Tai Company (PTB) said its consolidated net profit climbed 16% year-on-year to VND93.6 billion from its revenue ofVND1.2 trillion in the third quarter of this year. From January to September, PTB’s consolidated net profit and revenue were VND265 billion and VND3.2 trillion, up 15% and 10% year-on-year, respectively, The firm operates in car retail, raw timber and natural granite products.

* Everland Investment Company (EVG) has decided to cooperate with Dong Duong Nha Trang Company to develop Ho Vinh Hoa residential area project in Khanh Hoa Province. The project’s investment value is estimated at around VND900 billion.

* An Phat Plastic and Green Environment Company (AAA) and a Japanese partner have signed a contract worth VND1.4 trillion to export packaging products to the market. AAA has exported its products to Japan since 2015.

* Gia Lai Electricity Company (GEG) has announced to raise capital of its subsidiary – Thuong Lo Hydropower Company – from VND40 billion to VND70 billion. Besides, it plans to invest around VND937 billion in four solar power plant projects, which have total capital of over VND4.1 trillion.

* An Phat Holdings Company has become a major shareholder of Ha Noi Plastic Company (NHH)after acquiring 3.2 million shares in the enterprise, or a 49.2% stake. NHH share price is around VND39,300.

* Thu Dau Mot Water Company (TDM) has decided to spend over VND73 billion advancing a 2018 cash dividend for shareholders at a ratio of 9%. The record date is set on January 2, 2019.


Category: Business, Vietnam

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