Business Briefs 05 March 2019

05-Mar-2019 Intellasia | | 8:36 AM Print This Post

* LDG Investment Company (LDG) has targeted a net profit of VND600 billion this year, which is almost unchanged from last year. Its revenue is expected to jump 91 % to nearly VND3.3 trillion in 2019. LDG plans to issue 47.6 million shares to pay a dividend at a 25-for-100 ratio and two million shares under an employee stock ownership plan. The share sale will help LDG raise its registered capital by 26% to VND2.4 trillion.

* HCMC Infrastructure Investment Corporation (CII) has announced that it successfully issued VND370 billion worth of non-convertible secured bonds at a fixed coupon of9.5% per annum, in line with the interest rate of its previous bond issuance. The bonds will mature in three years.

* Taisho has announced its plan to bid for 28.3 million shares of Hau Giang Pharmaceutical Company (DHG), or 21. 7% of the total outstanding shares. If successful, Taisho’s ownership in DHG will increase to 56.69%. The purchase period is expected to be from mid-March to mid-April 2019 and the purchasing price is offered at VND120,000.

* CNG Vietnam Company (CNG) put its net profit at VND 17.6 billion in the first quarter of this year, down 2% year-on-year. Its revenue may rise 21% to VND441.7 billion in the quarter, including its revenue from compressed natural gas sales of VND429.4 billion and from finance and other business of VND12.3 billion. In 2019, CNG targets a net profit of VND84.4 billion from its revenue of VND1.75 trillion, down 25.3% and 4% against last year, respectively.

* Le Quang Hiep, a board member of Dong Hai Ben Tre Company (DHC), has registered to sell 360,000 shares of DHC to reduce his ownership to over three million shares, or 6.7%.

* HFT Securities Corporation has selected South Korea-based Hanwha Investment and Securities Company as its foreign investor allowed to buy more than 25% of its charter capital without a public bid. The Korean company could purchase shares from existing shareholders and it could buy up to 90.05% of HFT’s capital. To facilitate the Korean firm’s purchase, HFT in December last year lifted its ceiling foreign ownership ratio to 100%, said


Category: Business, Vietnam

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