Business Briefs 05 December 2019

05-Dec-2019 Intellasia | | 9:37 AM Print This Post

* Hung Vuong Joint Stock Corporation (HVG) has approved the sale of five million treasury shares between December 11 and January 9 via order-matching and put-through deals, with each share priced at not lower than VND4,000. In related news, the firm’s vice chairman Ha Viet Thang sold over 259,000 HVG shares from November 1 to 30 to lower his ownership in HVG to 50,000 shares.

* Power Construction Company (PC1) has approved a merger plan between its two subsidiaries. Hanoi No.1 Power Construction Company will be merged into My Dinh No.1 Power Construction Company. The merger is expected to be complete before March 31 next year.

* HCMC Infrastructure Investment JSC (CII) ha announced that the Ministry of Finance had sent an announcement to BOT Trung Luong-My Thuan JSC, where Clowns a 50% stake, over the allocation of VND2,186 billion from the central budget to a build-operate-transfer (BOT) project on the Trung Luong-My Thuan Expressway, BOT Trung Luong-My Thuan firm is expected to receive the money this week.

* Nguyen Quoc Si, a large shareholder at Cotec Investment and Land house Development JSC (CLG), offloaded 2,5 million CLG share, or an 11.82% stake in the firm, on November 29 via put-through transactions. On the same day, CLG’s other large shareholder Pyn Elite Fund (Non-Ucits) sold over 852,000 CLG shares to cut its holding to some 421,000, 1.99% of the total.

* An Duong Thao Dien Real Estate Trading Investment JSC (HAR) has approved a plan to transfer the land use right for a plot in HCMe’s District 9.

* Long Giang Investment and Urban Development JSC (LGL) on November 29 passed a scheme to transfer 6.5 million shares, or a 65% stake, in Rivera Hanoi JSC.

* Dang Thi Minh Huong, daughter of board chairman Dang Quoc Dung of Tien Phong Plastic Company (NTP), has, registered to acquire two million TP shares from December 4 to January 2 next year. Huong currently owns no NTP shares.

 


Category: Business, Vietnam

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