Business Briefs 08 Jan 2019

08-Jan-2019 Intellasia | | 9:31 AM Print This Post

* State-owned lender Agribankwill hold an auction on January 25 of 5.3 million shares, or a 23% stake, in Vietnam, Agriculture Tourism Trading Joint Stock Company, or Agritour. The starting price is VND15,370. Ending 2018, Agritour was capitalized at VND230 billion, with 23% of it owned by Agribank, 51 % by Nam Sao International Group, and 24.9% by Sai Gon Agriculture Investment Company.

* An Phat Plastic & Green Environment Company (AAA) has put its 2018 net profit at an estimated VND200 billion, fulfilling 60.6% of the year’s target. Its revenue amounted to VND7 trillion in 2018, beating the year’s plan by 17%. In 2019, AAA looks to attain net profit ofVND510 billion, up 155% versus last year, while its revenue is expected to hit VND7.9 trillion. The full-year earnings per share are projected at VND2,550. Its dividend is projected at around 10% to 15%.

* Thanh Thanh Cong-Bien Hoa Company (SBT) has got approval from the State Securities Commission to issue over 29.7 million shares for dividend payment in fiscal 2016-2017. The record date is set on January 15 and SBT will make the payment in the first quarter of2019.

* Truong Thanh Construction and Real Estate Company (TEG) has announced to transfer over 4.6 million shares at Truong Thanh Quy Nhon Investment Company with the selling price not lower than VND14,OOO. In October 2018, TEG acquired 2.5 million shares of the enterprise to raise its holding to 50%.

* Central Pharmaceutical Company No.3 (DP3) plans to issue 1.8 million shares to mobilize over VND81 billion. Of the figure, it will sell 850,000 shares to existing shareholders at VND26,400, 100,000 shares to staff at VND26,400 and auction 850,000 shares at the starting price ofVND66,OOO. The DP3 share price is around VND80,OOO on the Hanoi Stock Exchange.

* Viglacera Corporation (VGC) has received approval from the Hochiminh Stock Exchange (HOSE) to move 448 million shares to the bourse from the Hanoi Stock Exchange. The relocation will help make VGC shares more liquid and facilitate the divestment of a 54% stake held by the Ministry of Construction in the first half of2019.


Category: Business, Vietnam

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