Business Briefs 07 November 2018

07-Nov-2018 Intellasia | | 8:09 AM Print This Post

* Dat Xanh Group (DXG) has announced a plan to issue VND1.4 trillion worth of convertible bonds, which will have a face value of VND1 billion and tenor of five years. The papers will carry a coupon not higher than 7% per annum and the lock-up period of one year. The property firm will conduct the plan between the first and second quarter of2019.

* Thanh Thanh Cong Tourism Company (VNG) has passed a scheme to issue over 3.9 million shares under an employee stock ownership plan with the selling price ofVND10,OOO. The shares will be sold to member of the board of directors and the management board and other eligible staff.

* Central Hydropower Company (CHP) has sought to take out loans including D450 billion from the Bank for Investment and Development of Vietnam’s Phu Yen branch and VND400 billion from TPBank’s Ben Thanh branch to fund the development of Cu Jut solar power plant project.

* Ha Do Group (HDG) said it made a consolidated net profit of VND102.8 billion n the third quarter of this year, compared to a loss of VND552.9 million in the same period last year. Its revenue jumped more than 124% year-on-year to VND696.3 billion in the quarter.

* Thang Long Air Services Company has registered to buy 1.5 million shares of Taseco Air Services Company (AST) within 30 days starting November 7. Once completed, it will raise its stake in AST to 64.17%, equal to 23.1 million shares.

* IbeWorth Pte Ltd has become a major shareholder at Nam Long Investment Group (LG) after converting its bonds into NLG shares, thus spurring its ownership at the enterprise from 4.9% to 10%.

* Ba Ria Thermal Power Company (BTP) has chosen November 12 as the ex-dividend date for shareholders to receive a cash dividend at 10.9%. It will make the payment on November 29.

* Pham Quang Dung, chairman of Tasco Company (HUT), will be buying three million share of e property firm from now to November 29 to raise his stake from 8.6% to 9.8%.


Category: Business, Vietnam

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