Business Briefs 05 Oct 2018

05-Oct-2018 Intellasia | | 7:55 AM Print This Post

* Phuc Hung Holdings Construction Company (PHC) started trading 20.8 million shares on the Hochiminh Stock Exchange yesterday, with the reference price set at VND16,300, equivalent to its closing price on the Hanoi Stock Exchange earlier. PHC debuted on the northern bourse in 2009 with the chartered capital of VND30 billion, before making a decision to move to the southern bourse last month.

* Tran Thanh Phong, vice chairman of Nam Long Investment Group (NLG), will be selling 1.5 million shares of the property firm from now to November 2. Once completed, Phong will reduce his stake to nearly 10 million shares, or 4.72%.

* Vietnam Ventures Ltd acquired four million shares of Khang Dien House Investment and Trading Company from August 30 to September 28, raising its ownership to over 6.6%. The investor earlier registered to buy five million shares of KOH during the period.

* CNG Vietnam Company (CNG) said it made a pre-tax profit of VND91.3 billion in the January-September, which fulfilled 77% of the year’s target. Its revenue reached VND1.34 trillion in the period, meeting 96% of the full-year plan.

* Vietnam National Shipping Lines, or Vinalines, will float over 5.4 million shares on the market for unlisted public enterprises, or UPCoM, on October 8 at the reference price of VNDlO,OOO. Earlier, the firm launched its initial public offering on September 5 with nearly 489 million shares, but only 5.4 million shares weresold to investors.

* Minh Phu Seafood Corporation (MPC) is planning to issue 75.72 million shares, instead of 60 million shares as earlier estimated, in a private placement and remove some business fields including real estate. After the issuance, MPC expects to raise its registered capital to VND2.16 trillion from the current VND 1.4 trillion. In September, MPC founded a hi-tech agriculture company in Kien Giang Province with a total capital contribution of VND60 billion, equal to a 60% stake.

* Vietnam National Textile and Garment Group (VGT) said its revenue reached VND36.4 trillion between January and September, up 10% year-on-year and meeting 75% of the year’s target. In September alone, its revenue rose 21 % year-on-year to VND4.48 trillion. The firm raked in US$2.04 billion from exports between January and September, up 6% over the same period last year, including US$227.5 million in September.


Category: Business, Vietnam

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