Business Briefs 08 Aug 2019

08-Aug-2019 Intellasia | | 8:42 AM Print This Post

* Dat Xanh Group (DXG) plans to issue more than 87.45 million shares for existing shareholders at a 1-for-4 ratio. With the price set at VND 100,000 per share, the corporation will be able to collect over VND874 billion through this share sale. According to, the proceeds would be used to fund Nam Rach Chiec residential and resettlement project worth VND5.46 trillion. The list of shareholders will be closed on August 14.

* Orient Commercial Bank (OCB) booked over VND1.1 trillion in pretax profit in the first half of 2019 on revenue of VND1.7 trillion, up 106% year-on-year. The bank attributed its good performance to proper management and digital banking services.

* Platinum Victory Pte Ltd, a major shareholder of Vietnam Dairy Products Company (VNM), has registered to buy over 17.41 million VNM shares from August 8 to September 6 to raise its ownership from 10.6% to 11.6%. Earlier, the investor failed to acquire the shares during the registered period from July 4 to August 2.

* FLC Group has announced the establishment of its real estate brand FLCHomes with four main products including Beach & Golf Resort, Residences, Retail & Office and Green Eco. It established FLCHomes Real Estate Investment and Development Company in March with staff from the group’s marketing department, aiming to create an ecosystem of property products.

* Property developer Vinhomes (VHM) has announced August 8 as the ex-dividend date for shareholders to receive a cash dividend of VND 1,000 per share for 2018. The payment date is expected to be September 9.

* Cho Lon Real Estate Company (RCL) has chosen August l3 as the ex-dividend date to offer a 2018 second round cash dividend for shareholders at 5% and issue more than five million shares at a 2-for-3 ratio. The selling price is VND12,000 per share.

* National coal and mineral group Vinacomin will be buying over 1.12 million shares of Vinacomin-Thanh Mong Duong Company from now to September 4 via matching. Vinacomin is holding over 12.8 million shares in the enterprise, or a 59.76% stake.


Category: Business, Vietnam

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