Business Briefs 10 Dec 2018

10-Dec-2018 Intellasia | | 9:15 AM Print This Post

* Bui Xuan Huy, general director of No Va Investment Group Corporation (NVL), has registered to buy 36.1 million NVL shares, including two million shares in an employee stock ownership plan and 34.1 million shares via matching or put-through deals from December 7 to December 31. If successful, Huy’s stake in the property company would rise to 36.1 million shares, or 4%.

* Four investors snapped up 7.3 million shares in Khanh Hoa Water Supply Company at an auction on the Hochiminh Stock Exchange on December 5. The winning price was around VND26,100 per share, nearly doubling the initial price. The firm raised VND 191.7 billion from the auction.

* The State Securities Commission has given approval to Vingroup Companv (VIC) to sell 20 million bonds with a face value of VND100,000. The bond sale will be conducted in two stages.

* Nguyen Sinh, chairman of Se San 4 Hydropower Company (S4A), will be buying 200,000 shares in the firm from now to January 8,2019. Once completed, Sinh will raise his ownership at S4A to 1.4 million shares, or a 3.3% stake.

* Van Phat Hung Company (VPH) plans to issue over 9.2 million shares to pay a 12% dividend for existing shareholders.

* Cienco4 Group (C4G) has got approval to float 100 million shares on the market for unlisted public enterprises, or UPCoM, at VND14,000 per share. The first trading date is December 10. The company is active in developing traffic projects. Its has many property projects in Hanoi, HCMC and Nghe An Province.

* HCMC Electric Power Trading Investment Corporation (HTE) plans to offload its entire 2.2 million treasury shares to raise funds for its business activities in 2018 and the following years. Transactions will take place from December 13 to January 9, 2019. On the market, the HTE share price has slumped over 11% over the past month at around VND6,000.

* Chu Prong Rubber Company has announced to transfer over 1.1 million shares, or a 0.57% stake, at Gia Lai Electricity Company (GEG), at the minimum price of VND14,400. The divestment aims to help the firm focus on its core operations.


Category: Business, Vietnam

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