Business Briefs 06 Jun 2019

06-Jun-2019 Intellasia | | 9:07 AM Print This Post

* Japan’s Raito Kogyo Group has become a strategic partner of Fecon Corporation (FCN) after its acquisition of 19.5 million FCN shares, equal to a 17.13% stake. The shares were converted from two lots of convertible bonds that Raito Kogyo had bought from the Japan South East Asia Growth Fund (JSEAG), a member of the Development Bank of Japan. JSEAG bought the convertible bonds from FCN in 2016 for a total of VND500 billion. The two lots of bonds fell due on April 21, 2019 and have now been successfully converted into shares.

* PetroVietnam Fertilizer and Chemicals Corporation (DPM) has announced to pay a 2018 final cash dividend of VND500 per share, with the ex-dividend date on June 13 and the payment date on June 26. This is the second tranche of its 2018′s total cash dividend of VND1,000 per share.

* Masan Consumer Company (MCH) is finalizing a list of shareholders who will receive cash dividends on June 10 at a ratio of 45%, meaning that each shareholder will receive VND4,500 for each share held. The company will spend around V D2.7 trillion on the payment.

* The State Treasury of Vietnam raised more than VND11.9 trillion through government bbnd auctions on the Hanoi Stock Exchange in May, down 5% against th previous month. The agency has raised nearly VND94 trillion via government bond auctions at the bourse so far this year, fulfilling over 36% of its entire year’s target.

* The Vietnam Electricity Group (EVN) will auction all 11.3 million shares, or a 71.6% stake, of Power Engineering Consulting Company 4 (TV4) at the Hanoi Stock Exchange on July 2. EVN will sell the shares at an initial price of VND59,400 each. The group will also auction all 4.04 million shares, or a 48.78% stake, of Power Engineering Consulting Company 3 (TV3) at a starting price of VND76,700 each on June 25.

* Consumer finance company Home Credit Vietnam has participated in a program called FELD Global Immersion, a course designed to develop global students’ ability to manage and operate effectively across cultures and business contexts. Home Credit is one of 157 FIELD global partners in 13 countries.


Category: Business, Vietnam

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