Business Briefs 09 December 2019

09-Dec-2019 Intellasia | | 8:37 AM Print This Post

* Hanwha Investment and Securities, a subsidiary of South Korean Hanwha Group, on December 4 held a brand launching ceremony in Hanoi. At the event, Hanwha Investment and Securities Vietnam was renamed Pinetree Securities. From December 5, the brokerage’s customers trading securities online will not be charged for both normal and margin accounts.

* Vietnam Investment Fund II, L.P, a large shareholder of Gemadept Corporation (GMD), ras registered to offload over 42.86 million GMD shares, or a 44.44% stake, from December 10 to January 8, 2020 via put-through and matching deals, or via other methods approved by the State Securities Commission.

* City Auto Corporation (CTF) has passed a resolution increasing its holding in Truong Chinh Auto JSC to 96.9%. With charter capital of VND230 billion, Truong Chinh Auto is active in the fields of vehicle sale, maintenance, repair, and leasing, as well as real estate, according to

* Truong Hoang Vu, general director at Landmark Holding JSC (LMH), will purchase 500,000 LMH shares from December 6 to January 3, 2020 via matching and put-through transactions. If successful, he will increase his ownership to over 904,000 LMH shares, or a 3.53% stake.

* Nam Long Investment Corporation has announced December 11 as the ex-dividend date for shareholders to receive a 2019 first round dividend in cash at 4.78%. The record date will be December 12 and the payment will be made from December 26.

* Tai Nguyen Corporation (TNT) has passed a plan for contributing capital worth VND45 billion to Tri Nguyen Property JSC to jointly execute a complex of housing, services and trading project in the central province of Ha Tinh.

* Duc Giang Chemicals Group JSC will close its shareholder list on December 23 for a 2019 dividend payment of 10% in cash. The payment will be made from January 14 next year.


Category: Business, Vietnam

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