Business Briefs 06 March 2019

06-Mar-2019 Intellasia | | 9:05 AM Print This Post

* Hoang Huy Investment Financial Services Company (TCH) has issued VND 1.2 rillion worth of convertible corporate bonds to several South Korean investors, including Shinhan Investment, CoreTrend Investment and ValueSystem Optimus Protect Private Investment Fund. The bonds will mature in three years and carry a coupon of 7% per annum. TCH will use the proceeds to invest in property projects in Hanoi and Haiphong cities.

* Hau Giang Pharmaceutical Company (DHG) has announced the second cash dividend for 2018 of VND2,000 per share. The record date is March 14 and the expected payment date is June 17. Including the first interim cash dividend of VND1,000, which was paid in July 2018, DHG will have paid a total cash dividend for 2018 of VND3,000 per share.

* Nguyen Minh Khang, general director of LDG Investment Company (LDG), has bought 100,000 LDG shares to raise his ownership to 210,000, or 0.11%. LDG share price is around VND15,000 on the Hochiminh Stock Exchange.

* Viettel Global Investment Company (VGI), the overseas investment arm under Vietnam’s largest mobile network operator Viertel, said its net profit was VND14.9 billion in the last quarter of 2018, against the loss of VND754 billion in the same period of 2017. In 2018, VGI’s loss still surged 66.7% against the previous year to VND796.8 billion, due to its investment in Myanmar, while its revenue fell 11.3% to VND16.8 trillion, said

* Vinh Phuc Pharmaceutical Company (Vinphaco) targets revenue of VND620 billion this year, up around 5% compared to 2018. To complete the plan, Vinphaco will continue investing in production technology and upgrading its factory. Vinphaco now exports its products to Laos, Cambodia, Thailand, and China.

* Refrigeration Electrical Engineering Corporation, a major shareholder of Vinacomin-Deo Nai Coal Company (TND), has offloaded 155,000 TDN shares to cut its holding to 7.9%, or over 2.3 million shares.

* Vinh Phuc Infrastructure Development Company (IDV) has announced March 28 as the ex-dividend date to pay a 2018 fourth round dividend in cash for shareholders at 10%. Its will make the payment from April 12.


Category: Business, Vietnam

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