Business Briefs 09 May, 2018

09-May-2018 Intellasia | | 1:56 PM Print This Post

* Thai Hung Trading Co Ltd has registered to sell over 33.2 million shares of Viet-Italy Steel Company (VIS) between May 10 and June 6, cutting

its ownership from 65 percent to 20 percent.

* Nguyen Kim Investment and Development JSC has registered to buy an entire 1.21 million shares, or a 65.54 percent, of Long An Traffic JSC to expand its business. The shares will be offered at an auction held by the Hochiminh Stock Exchange on May 11 at the starting price ofVND15,044 each. Earlier,

Nguyen Kim announced to purchase over 2.1 million shares of Lam Dong Pharmaceutical Company (LOP) to raise its holding to 51  percent.

* No Va Land Investment Group Corporation (NVL) has announced to spend over VND 1 trillion acquiring 105.8 million shares of Nova Nippon JSC to secure a 99.98 percent stake in the latter. Established in August 2015, Nova Nippon is active in the construction, brokerage and property auction sectors.

* Due Long Gia Lai Company (DLG) has decided to inject VND85 billion into Due Long Gia Lai Afforestation and Industrial Plants Company, thereby raising its ownership to 98.86 percent. The enterprise now has a chartered capital ofVND47 billion with 96.81  percent, or VND45.5 billion, owned by DLG.

* Artex Securities Company is seeking approval from the State Securities Commission to spur its chartered capital from VND310 billion to more than VND1.4 trillion. The firm plans to conduct the plan within the second quarter of2018 by issuing shares at a 1-for-3.5 ratio and pay dividend

for shareholders at 20 percent. It will use the proceeds to improve services and products and upgrade facilities.

* GPBank raised nearly VND570.7 billion from selling 18.7 million shares of Kim Lien Tourist JSC at auction last week. One organisation and

two individuals snapped up the shares with the winning price equal to the starting price at around VND305,OOO per share.

* Phung Van Bo, chair ofTien Bo Group (TIB), has registered to buy 3.6 million TBB shares from now to June 5 to raise his ownership from

11.15 percent to 19.6 percent. Earlier, TIB passed a plan to issue 4.25 million shares to pay dividend for shareholders at a 100-for-1O ratio.


Category: Business, Vietnam

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