Business Briefs 09 Aug 2018

09-Aug-2018 Intellasia | | 8:14 AM Print This Post

* Masan Resources (MRS) will issue more than 179.8 million bonus shares at a 25-for-l00 ratio to spur its capital. The total outstanding share volume will amount to over 899.3 million, equal to some VND8.9 trillion in MRS’s chartered capital. The final registration date for shareholders is August 31. As of June 30, MRS has gained capital surplus of over VND1.9 trillion, MRS said in its quarter two financial report. In the first half of this year, MRS earned a net profit ofVND424.3 billion on revenue of over VND3.2 trillion, up five-fold year-on-year.

* My Chau Printing and Packaging Corporation (MPC) said in its newly-released business report that the company made a net profit of over VND8.7 billion on net revenue of VND164.2 billion in the Ianuary-Iune period. In quarter three, MPC aims for a pre-tax profit of VND 10 billion on revenue ofVND100 billion Besides, the company plans to pay a 2018 cash dividend for its shareholders at a ratio of 5%.

* Nguyen Thanh Ngu, general director of Thanh Thanh Cong-Bien Hoa JSC (SBT), has registered to purchase one million SBT shares via put through transactions which will take place between August 10 and September 8. If the deal is successful, gu will raise his stake in SBT to 0.6%, or over 3.1 million shares.

* HCMC Infrastructure Investment JSC (CII), the holding company of CII Engineering and Construction JSC (CEE), will buy 550,000 CEE shares via matching and put-through transactions from August 9 to September 7. The move is to increase CII’s holding to 54.97%, or over 21.7 million shares.

* CII announced that it successfully issued VND580 billion of non-convertible, secured bonds at a fixed coupon of9.5% per annum, which is slightly lower than CII’s av erage cost ofborrowing at around 10%. The bonds have a one year term to be mature on July 28 next year. Including this bond issuance, CII has issued around VND1.52 trillion of bonds so far this year.

* GTNFoods JSC (GTN) announced that it has recently sold a 45% stake in one of its legacy subsidiaries, Mien Trung Plastics. Prior to this, GTN held 90% of Mien Trung Plastics. This divestment was carried out at book value, which generated proceeds ofVND68 billion for GTN.

* Saigon Garment Manufacturing Trade JSC (GMC) will pay a 2018 cash dividend for its shareholders at a ratio of 15%, orVND1,500 per share. The record date is August 22 while the payment date is expected to be September 10.

* Nguyen Hoang Linh, chairman of the board of directors at IDJ Vietnam Investment JSC (IDJ), will be offloading his entire holding of over 6.52 million IDJ shares or a 20.01% stake in the company via put-through and matching transactions from August 7 to September 5.


Category: Business, Vietnam

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