Business Briefs 09 April 2019

11-Apr-2019 Intellasia | | 9:02 AM Print This Post

* PetroVietnam Gas Corporation (GAS) has approved a plan to increase its holding in the PetroVietnam Southern Gas Company (PGS) to 51 %. GAS is currently the largest shareholder of PGS with a 35.3% stake, followed by MB Capital, an investment arm of Military Bank, with 5.98%. To increase its ownership to 51%, GAS will have to buy an additional 7.87 million shares of PGS.

* The management of No Va Land Investment Group (NVL) has proposed making no dividend payment for 2018, instead of up to 20% approved at the 2018 annual general meeting. The 2019 dividend payment is proposed at a maximum 20% on par value, which may be paid in either shares or cash. The management has also proposed a 2019 employee stock ownership plan with new shares accounting for up to 2% of the outstanding shares and a share price of VND10.000 or above.

* Hoang Quan Consulting-trading-Service Real Estate Corporation (HQC) looks to obtain net profit of VND145 billion in 2019, up by 3.4-fold from last year. Its revenue is projected to jump 2.8-fold to VND1.5 trillion. HQC plans a dividend payment of 5% for this year.

* Vo Anh Thai, chairman of Thai Duong Petrol Company (TDG), has registered to buy 800,000 TDG shares from now to May 10, thus raising his holding to over 1.5 million shares, or 9.2%. Meanwhile, General Director Le Minh Hieu of the local firm will be buying 500,000 shares in the same period to hike his stake to 7.9%.

* Vinacafe Bien Hoa Company (VCP) is aiming for net profit of VND650 billion to VND750 billion in 2019. Its revenue is expected to reach VND3.5 trillion to VND3.7 trillion in 2019. VCP plans a dividend payment of 240% for 2018. Its net profit was VND637 billion from its revenue of VND3.43 trillion last year.

* Portserco Logistics Company (PRC) has announced April 26 as the record date to pa a 2018 cash dividend for shareholder at 5%. The payment will start from May 10.


Category: Business, Vietnam

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