Business Briefs 09 Aug 2019

09-Aug-2019 Intellasia | | 8:47 AM Print This Post

* FLC Group JSC (FLC) has offered nearly 300 million shares for its existing shareholders at VND10,000 each at a 422-for-l000 ratio. The issue is expected to help increase FLC’s charter capital from VND7.1 trillion to VND10.1 trillion. The shares will be sold within 90 days, starting August 5. The proceeds will be invested in the group’s property projects and used to increase the charter capital ofits Bamboo Airways from VND1.3 trillion to VND2 trillion.

* Hanoi Beer, Alcohol and Beverage Joint Stock Corporation (BHN) has reported its after-tax profit of VND240.86 billion last quarter, the highest since the last quarter of2017. However, its net revenue declined 16.5% year-on-year to more than VND2.4 trillion.

* Vietnam Joint Stock Commercial Bank for Industry and Trade (CTG) will issue VND500 billion worth of unsecured inconvertible bonds in two private placements. The seven-year bond will come with a face value of VND 1 billion each and a fixed coupon of 8% per year. The share sale was set to be made this quarter and the next.

* Tran Thi Dan Thanh, the wife of Nguyen Quang Hoa, chairman of Thien Nam Trading Import Export JSC (TNA) has offloaded all her 514,000 TNA shares, or a 1.5% stake.

* South-East PetroVietnam Fertilizer & Chemicals JSC (PSE) has announced August 9 as the ex-dividend date to pay a cash dividend of 8% for shareholders. The record date will be August 12 and the payment will be made from August 30.

* Vinaconex Investment And Tourism Development JSC (VCR), a subsidiary of Vietnam Construction and Import-Export Corporation (Vinaconex), has issued VND300 billion worth of bonds via a private placement for Vinaconex. The 24-month bonds can be converted into shares and has a face value of VND100,OOO each. The issue is aimed at raising capital for the Cai Gia-Cat Ba tourism and urban area project, which requires an estimated total investment of more than VND10.9 trillion.

* An Phat Securities Joint Stock Company (APG) will issue more than 850,000 shares to pay a 2018 dividend of 2.5%. The issuance will be made this quarter and next.


Category: Business, Vietnam

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