Business Briefs 09 Oct 2019

09-Oct-2019 Intellasia | | 8:08 AM Print This Post

* ReCapital Investments Pte Ltd has completed the sale of 21.7 million shares of Ninh Van Bay Travel Real Estate Company (NVT) to reduce its ownership from 35.8% to 11.8%. Meanwhile, NVT’s general director Hoang Anh Dung is buying 25 million NVT shares from September 18 to October 17. Dung is now holding over 51,400 shares in the firm.

* Bamboo Capital (BCG) will issue 900,000 convertible unsecured bonds in the last quarter of 2019, which will carry a face value of VND1 million and a fixed interest rate of 5% per annum. The three-year notes may be converted into shares at an estimated price of VND10,000 per share.

* Vietcombank (VCB) reported a profit of nearly VND17.6 trillion in January-September, up 50.6% over the same period last year. By the end of September, the bank raised a total of VND998.2 trillion and had total outstanding loans of VND709 trillion, up 11.6% compared to 2018.

* Vietnam Airlines (HVN) plans to launch direct air services linking HCMC with Indonesia’s Bali and Thailand’s Phuket from October 27. The national flag carrier will operate five weekly Bali flights as part of its plan while there will be three weekly flights on the HCMC- Phuket route. It will also resume its Danang-Bangkok service the same day.

* The board of directors of CMC Corporation has approved divestment from BaoVietBank and authorized CEO Nguyen Trung Chinh to carry out procedures to transfer all BaoVietBank shares owned by CMC to other investors. CMC is one of the founding shareholders of BaoVietBank, with its contributed capital of VND324 billion by the end of June.

* Tien Phong Bank has decided to buy four million shares in Tien Phong Securities Company (ORS) via a private placement, raising its ownership in the stock brokerage to 9.09%. The lender will conduct transactions in the last quarter of 2019 with total spending of VND40 billion. The ORS share price is around VND6,000 oh the market for unlisted public enterprises, or UPCoM.


Category: Business, Vietnam

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