Business Briefs 06 Dec 2018

06-Dec-2018 Intellasia | | 9:01 AM Print This Post

* Sai Gon Thuong Tin Real Estate Company (SCR) has approved a plan to issue VND300 billion of secured non-convertible bonds via a private placement in 2018 or 2019 in at least two tranches. The three-year debt will be offered in book-entry form with a face value VND1 billion each. SCR has yet to elaborate on the yield.

* Mien Dong Company (MDG) will pay a 2018 first interim dividend to its shareholders at 5% in cash, or VND500 per share. The payment will be made on December 25 and December 12 will be the record date.

* Tri Due Education and Service Company has registered to buy 300,000 shares in Tan Binh Import- Export Corporation (TIX), or a 1.13% stake, from December 6 to January 4, 2019. The investor now has no shares in TIX.

* Binh Dien Fertilizer Company (BFC) has announced December 11 as the record date to pay a 2018 interim cash dividend to its shareholders. The payment ratio is 20%, or VND2,OOO per share.

* HVA Investment Company (HVA) has passed a plan to issue 250,000 inconvertible bonds via a private placement. The 24- month unsecured debt will have a face value ofVND100,OOO and a fixed coupon ofl2% per annum. The firm will use the proceeds to fund technology projects. HVA debuted on the Hanoi Stock Exchange in July 2015.

* Phu Thanh Garment Company (MPT) has offloaded its entire 720,000 shares, or a 48% stake, in Melange Vietnam Company at VND20,OOO per share. In a related development, Truong Tien Holdings Company has become a major shareholder of MPT after acquiring 860,000 shares in the enterprise, raising its stake to over 1.5 million shares, or around 10%.

* State-owned coal and mineral group Vinacomin has revised up the buying price of over 3.4 million shares in Vinacomin-Ha Tu Coal Company (THT) to VND8,800 each from the previous VND8,OOO. After the deal, Vinacomin will raise its ownership in THT to nearly 16 million shares, or 65%.

* HANOI – Da Lat Safari Company has bought over two million shares in Nam Mu Hydropower Company (HJS), or a 9.7% stake.


Category: Business, Vietnam

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