Business Briefs 09 November 2018

09-Nov-2018 Intellasia | | 9:02 AM Print This Post

* Taseco Group, the parent and largest shareholder of Taseco Air Services Company (AST), has registered to buy an additional 1.5 million shares of AST, equivalent to a 4.7% stake. Taseco currently holds a 60% stake in AST, and the main purpose of this purchase is to avoid dilution below Taseco’s targeted 55% minimum holding when AST issues shares in a private placement in the last quarter of 2018. Taseco has stated it will not participate in the private placement. The share purchase will be executed between November 6 and December 31. The private placement will see AST issue 6 million new shares at a minimum price ofVND70,000 per share, said Viet Capital Securities Company.

* DatXanh Group (DXG) has announced to add VND105 billion and VND50 billion to its affiliates Vicco-Saigon and Ha An Real Estate Trade and Investment Company, spurring their registered capital to VND285 billion and VND242 billion, respectively. DXG will hold a 99.99% stake in the two enterprises.

* Mobile World Investment Group (MWG) has announced to issue 107,6 million new shares to pay a dividend for shareholders at a 1- for-3 ratio. The record date is scheduled on November 20.

* Ben Tre Export and Import Company has bought over 5,2 million shares of Sai Gon Thuong Tin Real Estate Company (SCR), raising its stake to 8.5%, or over 28.9 million shares.

* Everpia Company (EVE) said its consolidated net profit skyrocketed 191.4% year-on-year to VND27 billion in the third quarter of this year. Its revenue rose 17.3% to over VND323 billion in the quarter.

* Asia Commercial Bank (ACB) has decided to issue VND2.2 trillion worth of bonds via a private placement. The inconvertible three-year notes will be secured by government bonds owned by ACB and carry a fixed coupon rate of 6% per annum, Bond holders are able to sell the bonds after 18 months since the issuance date. ACB will use the proceeds to improve its capital scale and facilitate medium- and long-term credit activities.

* Thang Long Investment Company (TGG) will be buying 10.5 million shares of Ha Thanh Real Estate Investment Company to spur its holding to 45%. TGG also has plans to purchase 8.1 million shares of HDE Holdings Investment Company.


Category: Business, Vietnam

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