Business Briefs 05 July 2018

05-Jul-2018 Intellasia | | 7:50 AM Print This Post

* The awaplastic Industries (Saraburi) Co., Ltd, has acquired more than 118,000 shares of Binh Minh Plastic Company (BMP) out of the total volume of nearly 1.2 mill on shares registered for purchase as of June 26, raising its holding at BMP from 52.9% to 53.1 %. BMP’s share price has slid to some VND56,500 compared to its peak ofVND90,100 at the end of February.

* Everland Investment Company (EVG) has announced July 9 as the record date to pay a 2017 cash dividend to shareholders at 5% and issue some 10 million shares at a ratio of I-for-1. The firm will sell the shares at VNDI0,000 each versus the current market price ofVND5,000.

* Hai Minh Company (HMH) has registered to buy back more than 1.3 million shares between July 11 and August 9. HMH’s share price is hovering between VND1,OOO and VND 12,000 each on the HCMC stock exchange.

* Dong Phu Rubber Company (DPR) will pay a dividend ofVND2,000 per share for 2017. DPRsaid it had earned a gross profit ofVND148 billion in the first five months of this year, up by 105% year-on-year and meeting 78% of this year’s target. Its revenue reached VND272.8 billion between January and May, down by 0.9% year-on-year and fulfilling 37.3% of the year’s plan.

* The management board ofVicostone Company (VCS) has approved a plan to buy back 1.6 million treasury shares after the plunge ofVCS shares by 45% from its peak in ~ pril, said Viet Capital Securities Company. VCS will buy the shares within 30 days upon approval of the State Securities Commission of Vietnam on the local stock market. The purchase volume for each trading session ranges from a minimum of 48,000 shares to a maximum of 160,000 shares.

* Shareholders of PetroVietnam Power Corporation (POW) have approved an extra cash dividend ofVND2,792 per share, which comes from retained earnings generated between 2007 and 2015 and is subject to the finalization procedure of parent company POW’s equitization. In addition, NT2 also announced it would pay an interim cash dividend ofVNDl,500
per share for 2018.


Category: Business, Vietnam

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