Business Briefs 08 Oct 2019

08-Oct-2019 Intellasia | | 9:22 AM Print This Post

* SSI Securities Corporation (SSI) held the biggest stockbroking market share on both HCMC and Hanoi stock exchanges in the third quarter of this year, at 13.6% and 10.37%, respectively. HCMC Securities Corporation (ESC) and VN Direct Securities Corporation (VOS) were ranked second and third on the two exchanges.

* VinSmart Research and Manufacture JSC, a member of Vingroup (VIC), has launched its four latest smartphone products in the Russian market. The products included Vsmart Bee, Vsmart Star, Vsmart Joy2 + and Vsmart Live, which all use the new version of the Android operating system. Russia is VinSmart’s third export market after Spain and Myanmar.

* VinSmart Research and Manufacture JSC, a member of Vingroup (VIC), has launched its four latest smartphone products in the Russian market. The products included Vsmart Bee, Vsmart Star, Vsmart Joy2 + and Vsmart Live, which all use the new version of the Android operating system. Russia is VinSmart’s third export market after Spain and Myanmar.

* Phuoc Hoa Rubber Company (PHR) plans to convert around 4,000 hectares of its rubber land in Binh Duong Province to industrial park land from now to 2025, Viet Capital Securities Company reports. The company will directly operate two industrial park projects, Tan Lap and Tan Binh, of which it will own 51 % and 80%, respectively.

* Sacombank (STB) has launched a promotion program for individual customers who have or apply for international credit cards. Customers who get a new credit card and make total transactions of at least VND1.million within 15 days will be offered gifts while credit cardholders will receive a code to join a lucky draw for every transaction worth VND1 million or more. The program runs till December 31.

* TNG Investment and Trading Company (TNG) has approved a plan to issue VND136 billion worth of unsecured inconvertible bonds in a private placement. The notes will have a term of three years. TNG wants to use the proceeds to invest in its projects and supplement its working capital.

* There are two individuals registering to buy nearly 2.5 million shares of Lam Dong Pharmaceutical Company (LOP) offered by the State Capital Investment Corporation (Scre) via an auction. SCIC will hold the bidding on October 10, selling the shares, equivalent to 31.8% of LOP’s charter capital, at the starting price of VND28,100.

 


Category: Business, Vietnam

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