Business Briefs 07 May 2019

07-May-2019 Intellasia | | 9:12 AM Print This Post

* Ha Do Group JSC (HDG) announced in a first quarter financial report that it obtained over VND901 billion in net revenue, far higher than the figure of 2018 at VND226 billion. It posted after-tax profit of VND265 billion, up 7.7-fold year-on-year.

* Viet Gia Phu Real Estate Business Investment Co., Ltd, a unit related to Nguyen Thi Phuoc as a board member of Sai Gon – Mien Trung Beer JSC (SMB), will buy over 1.08 million SMB shares from May 6 to June 4. If successful, it would raise its ownership in SMB to two million shares, or a 6.7% stake. The investor registered to buy the same amount of SMB shares from April 2 to May 5 but failed in the end.

* 577 Investment Corporation (NBB) announced it had already bought over seven million out of over 9.75 million NBB shares that it registered to buy back on the stock market. The transactions were done from April 1 to 26 via matching deals, with each share priced at an average of VND18,820.

* Danang Seaproducts Import-Export Corporation, a shareholder of Long Hau Corporation (LHG), has registered to offload its entire holding of over 423,000 LHG shares, or a 0.85% stake. The transactions are slated for a period between May 8 and June 6.

* Ho Chi Minh City Infrastructure Investment JSC (CII) an nounced its consolidated financial report in the first quarter of 2019, with its net revenue reaching almost VND573 billion, down 16% year-on-year. It made some VND40 billion in after-tax profit, down 21.6% against 2018.

* T.T.A Investment Corporation, a major shareholder related to Bui Minh Tuan as a board member of Sai Gon Garment Manufacturing Trade JSC (GMC), will buy over 1.21 million GMC share from May 7 to June 5 to raise its ownership in GMC to more than 2.78 million shares, or a 17.97% stake.

* Le Xuan ghia, chairman of the board of directors at NHP Production Import-Export JSC (NHP), sold 673,000 NHP shares between April 17 and 24 to cut his ownership in NHP to some 3.93 million shares, or a 14.28% stake.


Category: Business, Vietnam

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