Business Briefs 07 Dec 2018

07-Dec-2018 Intellasia | | 9:17 AM Print This Post

* Sao Ta Foods Company (FMC) said its revenue rose 3% year-on-year to hit US$16.2 million in November. The firm’s shrimp output surged 33% to 1,937 tons in the month. In January-November, its shrimp output was more than 20,700 tons, exceeding the goal for the year by 7%. Its revenue surpassed the full-year target by 6.2% at USS201.8 million. The Pan Group (PAN) has recently registered to buy 4.8 million shares of FMC, equivalent to an 11.85% stake, at the price of VND30,000 each, to raise its current holdings in FMC to 45%, or 18.1 million shares.

* Vietnam Dairy Products Company (VNM) has announced to pay a second interim cash dividend of VNDl,OOO per share for 2018. The record date for this cash dividend is December 31 while the payment date is February 28, 2019.

* STADA Service Holding B.V. has raised its ownership in Pymerpharco Company (PM E) to 62% after taking over 9.75 million PME shares from 12 individuals. The investor now has over 46.5 million shares at the pharmaceutical firm.

* An Phat Plastic & Green Environment Company (AAA) made a consolidated net profit of VND128.7 billion from its revenue of VND5.8 trillion from January to September this year, down 18.5% and up 119%year-on-year, respectively. Currently, AAA has seven plants with a total capacity of 8,000 tons of products per month and takes the first position in Southeast Asia in terms of producing plastic thin-film package, said Viet Capital Securities Company.

* FPT Online Company (FOC) will debut on the market for unlisted public enterprises, or UPCoM, on December 10, offering over 14 million shares at the initial price of VND110,000. The firm is capitalized at VND 140.8 billion, which is held by 110 shareholders.

* Military Insurance Corporation (MIG) has decided to issue four million shares to pay a dividend for shareholders at the 1-for-20 ratio and an additional 42 million share at a ratio of 1-for-2. Beside, the enterprise will sell four million shares to key staff at VND10,000 each. The employee stock ownership plan (ESOP) shares will be banned from trading within one year from the issuance date.


Category: Business, Vietnam

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