Business Briefs 10 Aug 2018

10-Aug-2018 Intellasia | | 8:25 AM Print This Post

* Van Phat Hung Corporation (VPH), 10.97% owned by PYN Elite Fund and 5.71 % held by Construction Bank, said its consolidated net profit rocketed 48. 78-fold year-on-year to VND19.32 billion in the second quarter of this year. Its consolidated net revenue fell 64.97% year-on-year to VND191.49 billion in the period. Its sales costs plunged
78.42% year-on-year to VND114.51 billion in quarter two. VPH made a consolidated net profit ofVND42.92 billion from its net revenue of VND311.21 billion in the first half of this year, up 6.14-fold and down 45.16% year-on-year, respectively. Its debt ratio stood at 52.97% as of end-Iune, up from 50.36% late last year.

* Le Van Chung, general director ofInternational Development and Investment Corporation (IDI), successfully sold six million IDI shares via matching and put-through transactions between July 26 and August 6. He now holds a 0.07% stake in IDI, or over 118,000 shares. Besides, Le Van Thanh, a member of the board of directors, and Nguyen Thanh Hai, deputy general director at IDI, sold two million and one million IDI shares from August 2 to 7. Currently, Thanh holds 85,000 such shares while Hai has none.

* Gia Phu Real Estate Trading and Investment Co Ltd, a shareholder of Saigon-Mien Trung Beer JSC (SMB), has registered to acquire over 612,000 gMB shares in matching and put-through transactions from August 9 to September 7. If the deal is successful, Gia Phu’s stake in 5MB would rise to 5.02%, or 1.5 million shares.

* KSH Investment and Development JSC (KSH) has decided to pour an additional VND150.8 billion into its subsidiary Tam Nguyen Investment Co Ltd. Afterwards, KSH will hold 94.61 % of the latter’s capital, equal to over VND185.4 billion.

* Saigon ThuongTin Real Estate JSC (SCR) has decided to spend VND49 billion, or 98% of its chartered capital, establishing TTC Land Long An Real Étate Invétment JSC, which will be headquartered in the southern province of Long An.

* City Auto Corporation (CTF) announced that it will pay its interim cash dividend for 2017 at 10%. The record date is August 29 while the payment date is expected to be November 30.



Category: Business, Vietnam

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